Malaysian palm oil futures ended marginally higher on Thursday, but continued to hover near one-year lows as investors grew cautious ahead of key stocks and output data in the worlds second-largest palm grower. U.S. wheat futures fell from a 5-1/2-week high on Thursday on a round of profit-taking following a six-session rally that had pushed prices up 9.2 percent, traders said. Crude oil prices rebounded on Thursday after reports the United States was considering airstrikes on advancing Islamic militants in Iraq revived concerns about supply disruptions from OPECs No. 2 oil producer.
Posted on: Fri, 08 Aug 2014 07:41:34 +0000
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