led the oils sector lower in the night session. Mainly affected by the continued advancement of US-Iran negotiations and limited room for a crude oil rebound, compounded by expectations of rising producer-country inventories and high domestic inventories. Fundamentally, domestic commercial palm oil inventories are at historically high levels for the same period, spot basis remains at a discount, and although picking-up activity in South China is fairly active, overall trading is still mainly for rigid demand, with forward-month vessel purchases lagging. In the short term, palm oil will remain in weak oscillation; watch the realization of production cuts in producing areas and the progress of domestic destocking.