Cotton and Crude oil

Their prices have moved together.

Cotton (commodity) and Crude oil (energy): 1 relationship.

How they are linked

1. Price link: energy price link

Cost and price · Strong · Both ways

Oil sets the price of polyester, cotton's rival, and of fuel and fertiliser for farms. Crude oil and cotton correlate at 0.37 for monthly moves and 0.61 for yearly moves, a common driver rather than a direct input.

• 0.37 monthly change correlation
• 0.61 12-month change correlation
• 0.42 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.