Commodities
Brent Crude Jumps Amid US-Iran Tensions
November Brent crude futures rose by 3.4% for the week and 14% over two weeks, reaching $98/barrel as tensions between the US and Iran continued.
Palm oil prices remained relatively stable despite increased demand for biofuels and oils, while sunflower and rapeseed oil prices fell due to rising supply.
A good harvest and global balances in 2026/27 MY for soybeans, rapeseed, and sunflower limited further price gains, while declining demand from India also weighed on palm oil prices.