Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are projected to trade with a bearish bias next week due to fluctuations in energy prices.

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng highlighted that market sentiment is being impacted as developments in the energy market continue to influence edible oil prices. Ng noted that expectations of increased output and stock levels in the coming weeks are also affecting market outlook. "We expect prices to trade between RM4,500 and RM4,650 per tonne next week," Ng stated.

Additionally, Interband Group of Companies senior palm oil trader Jim Teh remarked that the CPO market is anticipated to be volatile next week, reflecting trends in crude oil prices. Teh suggested that the trading range will likely be between RM4,200 and RM4,300 per tonne next week. At present, Brent crude has seen a rise of 2.28 percent to US$86.15 per barrel.

On a Friday-to-Friday basis, the August 2026 contract increased by RM53 to RM4,529 per tonne, while the September 2026 contract added RM52 to RM4,565 per tonne. The October 2026 contract witnessed a gain of RM50, reaching RM4,597 per tonne. In addition, the November 2026 contract went up RM48 to RM4,630 per tonne, December 2026 edged up RM51 to RM4,663 per tonne, and January 2027 stood at RM4,697 per tonne.

The weekly trading volume experienced a decline to 402,028 lots from 431,847 lots in the previous week, whereas open interest increased to 286,716 contracts from 286,062. The physical CPO price for July South rose RM50 to RM4,540 per tonne.