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Palm Oil Advances to 10 Week High on Crude Oil & Soybean Outlook

Palm oil futures in Malaysia gained a third day to the highest in more than 10 weeks as high crude oil prices and the outlook for tighter vegetable oil supply increased the appeal of the commodity for biofuels. Palm oil and its main substitute soybean oil, mostly used in cooking, often climb when crude rises as it boosts the appeal of alternative fuels. Crude oil surpassed $135 a barrel in NY...

Topic: The Latest Oil Price News

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