date:Jun 17, 2014
Malaysian palm oil futures rose for a third straight day on Monday as a spike in crude oil prices continued to stoke demand for the tropical oil, although disappointing export data for the first half of the month capped gains. Brent crude rose towards $113 a barrel on Monday after a strong rally last week, as Sunni insurgents advanced in Iraq, intensifying concerns over a potential disruption to oil exports from the second-largest Opec producer.
Firm crude makes palm oil a more attractive feed