VEGOILS — Palm oil gains for third session, tracking crude and Dalian

(Updates for market close) JAKARTA, Oct 14 (Reuters) — Malaysian palm oil futures closed higher for a third straight session on Wednesday, buoyed by stronger crude oil prices and gains in rival edible oils on the Dalian market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 17 ringgit, or 0.36%, to 4,699 ringgit ($1,151.72) a metric ton at the close. "The FCPO is tracking Dalian performance and crude oil prices today," a Kuala Lumpur-based trader said. Oil prices edged higher on Wednesday after an attack on the headquarters of Saudi Arabia's state-owned oil company, while Iranian officials told Reuters they were deploying new tactics to target ships, seeking to keep oil prices high and influence the US midterm elections. O/R Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. Dalian's most-active soyoil contract rose 0.71%, while its palm oil contract gained 0.98%. Soyoil prices on the Chicago Board of Trade were up 0.03%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Malaysia has lowered its November crude palm oil