# Crude oil and Thermal coal

Their prices have moved together.

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

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Thermal coal](https://www.materialinsights.org/energy/thermal_coal/) (energy): 1 relationship.

## How they are linked

### 1. Price link: common driver

*Cost and price · Strong · Both ways*

Oil and coal share the global energy and industrial cycle, and diesel is a large mining and haulage cost for coal producers. The tie is moderate: monthly changes correlate at 0.33 and yearly changes at 0.70, a common driver rather than a direct input.

- **0.33** monthly change correlation
- **0.70** 12-month change correlation
- **0.75** fitted elasticity

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