Last week, domestic soybean oil and palm oil futures traded in a range, with market sentiment driven by Middle East tensions and volatile crude oil prices, keeping the vegetable oil sector highly volatile. Spot markets diverged: soybean oil basis strengthened on plant maintenance and expected lower April crush volumes, while palm oil basis remained under pressure from high inventories and weak demand despite strong export data.Looking ahead, the market will focus on crude oil trends and the final US biofuel policy (RVO). For soybean oil, April supply tightness is already priced in, leaving limited basis upside. Key factors to watch include post-holiday demand and actual plant operating rates. Large crushers' purchases of AprilJune basis contracts offer some support, but easing Brazilian soybean inspections and higher MarchApril crush expectations cap further gains.