# Cotton and Crude oil

Their prices have moved together.

Source page: https://www.materialinsights.org/links/cotton-and-crude-oil/

[Cotton](https://www.materialinsights.org/commodities/cotton/) (commodity) and [Crude oil](https://www.materialinsights.org/energy/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.