Geopolitics Alpha

Palm oil flat as mixed rival oils, tax waiver uncertainty weigh

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Palm oil flat as mixed rival oils, tax waiver uncertainty weigh

Malaysian palm oil futures barely moved on Thursday as losses in Dalian palm olein and Chicago soyoil offset firmer Dalian soyoil, while uncertainty over a potential crude palm oil export tax waiver kept the market cautious.The benchmark palm oil contract (FCPOc3) for January

Directly affected

  • No company is named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

Palm oil flat as mixed rival oils, tax waiver uncertainty weigh TradingView

Source: TradingView

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How solid the energy case looks

12 out of 100

“Palm oil flat as mixed rival oils, tax waiver uncertainty weigh” scores 12 out of 100. The score uses 1 sources.