The February contract of crude palm oil ended over 2% higher on the Bursa Malaysia Derivatives due to bargain buying after prices hit a 16-month low of 2,375 ringgits (37,289.83 rupees) per tn. The most active February contract closed at 2,515 ringgits per tn, up 2.6% from the previous close. Crude palm oil inventories in Malaysia rose 21% on month to 1.49 mln tn in November.