# Crude oil and Rapeseed

Their prices have moved together.

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

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Rapeseed](https://www.materialinsights.org/commodities/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.