KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange rebounded to close higher yesterday on the back of strong performance of soyabean oil prices on the Chicago Board of Trade.

Phillip Futures Sdn Bhd derivative product specialist David Ng said the market was bullish on firmer crude oil performance due to escalating tension in Iraq.

June 2014 increased RM10 to RM2,390, July 2014 added RM25 to RM2,411, August 2014 advanced RM24 to RM2,403 and September 2014 rose RM23 to RM2,400 a tonne.

Volume eased to 26,698 lots from 27,661 lots while open interest fell to 181,854 contracts from 205,339. Bernama

Source : NST