Malaysia Palm Oil Futures Hit March Low on Monday as Oil Markets Weaken

According to Jin10, Malaysia palm oil futures fell to their lowest level since March on Monday (June 15), dragged down by weakness in related oil markets and crude oil price declines. The decline followed reports that U.S. President Trump and Iran's Deputy Foreign Minister signaled an initial agreement to end conflict and prepare to restore passage through the Strait of Hormuz, which eased global inflation concerns and weakened crude oil prices.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments