Crude oil and Rapeseed

Their prices have moved together.

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

How they are linked

1. Price link: energy price link

Cost and price · Strong · Both ways

Expensive crude oil makes rapeseed biodiesel cheaper relative to fossil diesel and raises farm costs. Crude and rapeseed oil correlate at 0.45 for monthly moves and 0.67 for yearly moves, a shared energy driver rather than an input.

• 0.45 monthly change correlation
• 0.67 12-month change correlation
• 0.48 fitted elasticity

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