Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, supported by stronger crude oil prices amid the United States-Iran conflict, a trader said.

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng stated that the rise in crude oil prices is providing support to the palm oil market. Ng noted that CPO prices are maintaining support above RM4,150 per tonne, with resistance observed at RM4,300 per tonne.

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa highlighted that palm oil prices are also benefiting from firmer crude and soybean oil prices. Varqa added that optimism regarding easing palm oil stocks in Malaysia by the end of February is contributing to the upward trend in palm oil prices.

At the market's close, the March 2026 and April 2026 contracts each increased by RM25 to RM4,096 and RM4,180 per tonne, respectively. The May 2026 contract saw a rise of RM28 to RM4,207 per tonne. The June 2026 and July 2026 contracts each gained RM29, reaching RM4,218 and RM4,217 per tonne, respectively, while the August 2026 contract added RM28 to settle at RM4,208 per tonne.

Trading volume escalated to 127,102 lots from 76,192 on Wednesday, although open interest slightly decreased to 218,820 contracts from the previous 221,298 contracts. In the physical market, the CPO price for March South increased by RM20 to RM4,120 per tonne.