Money Grows on Trees as Palm Oil Beats Crude on Diesel Demand

The best-performing oil investment comes from trees in Malaysia, not the deserts of Saudi Arabia.

Vegetable oils from palm trees normally used in Hellmann’s mayonnaise and Snickers chocolate bars are being converted to diesel for Mack trucks after oil more than doubled in the past three years and governments encouraged renewable fuels. Palm oil reached a two-year high this month and rose 17 percent in the past year, outperforming the crude oil used for most diesel.
Bloomberg