Energy Markets
VEGOILS-Palm increases on weaker ringgit; losses in rival Dalian oils cap gains
Malaysian palm oil futures rose on Wednesday after closing at a sevenmonth low in the previous session, buoyed by a weaker ringgit but losses in competing Dalian agreements topped the gains. The benchmark palm oil agreement for October delivery on the Bursa Malaysia Derivatives Exchange acquired 19 ringgit, or 0.51%, to 3,724 ringgit ($ 827.56) a metric load by the midday break. The contract declined to its least expensive closing cost since Jan. 8 on Tuesday. Malaysian palm oil futures recuperated with a double-digit upside after seeing some weak point in the ringgit currency, a. Kuala Lumpur-based trader stated. The...