Wednesday, 30 November 2016 16:41
KUALA LUMPUR: Malaysian palm futures reversed course to gain in late trade on
Wednesday as they tracked a rally in crude oil prices, following stronger prospects
that oil supplies could be cut.Saudi
minister said at a meeting of the Organization of the Petroleum Exporting
Countries an agreement among members to cut output was close. "Crude
oil rallied as OPEC nears a deal to cut supplies," said a palm oil trader
from Kuala Lumpur, explaining palm's price gains in the ...