Crude Oil (petroleum) vs Iron Ore - Price Rate of Change Comparison

Range
6m 1y 5y 10y 15y 20y 25y 30y
Correlation coefficient: 0.247976

Description: Monthly comparison between the rate of change in the price of Crude Oil (petroleum) versus the rate of change in the price of Iron Ore



Rate of ChangePrice Ratio

Source: World Bank.

See also: Energy production and consumption statistics

See also: Top commodity suppliers

See also: Commodities glossary - Definitions of terms used in commodity trading

MonthCrude Oil (petroleum) Price (US Dollars per Barrel)Iron Ore Price (US Dollars per Dry Metric Ton)Crude Oil (petroleum) ROCIron Ore ROCCrude Oil (petroleum) / Iron Ore Price Ratio
Apr 199415.0826.47--56.9702
May 199416.2826.477.96%0.00%61.5036
Jun 199417.1726.475.47%0.00%64.8659
Jul 199417.8826.474.14%0.00%67.5482
Aug 199417.0026.47-4.92%0.00%64.2237
Sep 199416.2026.47-4.71%0.00%61.2014
Oct 199416.4726.471.67%0.00%62.2214
Nov 199417.0826.473.70%0.00%64.5259
Dec 199415.9426.47-6.67%0.00%60.2191
Jan 199516.9028.386.02%7.22%59.5490
Feb 199517.4228.383.08%0.00%61.3813
Mar 199517.3528.38-0.40%0.00%61.1346
Apr 199518.6528.387.49%0.00%65.7153
May 199518.4228.38-1.23%0.00%64.9049
Jun 199517.3628.38-5.75%0.00%61.1698
Jul 199516.0828.38-7.37%0.00%56.6596
Aug 199516.4728.382.43%0.00%58.0338
Sep 199516.8228.382.13%0.00%59.2671
Oct 199516.1228.38-4.16%0.00%56.8006
Nov 199516.7428.383.85%0.00%58.9852
Dec 199517.8728.386.75%0.00%62.9669
Jan 199617.8030.00-0.39%5.71%59.3333
Feb 199617.7030.00-0.56%0.00%59.0000
Mar 199619.4030.009.60%0.00%64.6667
Apr 199620.6630.006.49%0.00%68.8667
May 199619.0630.00-7.74%0.00%63.5333
Jun 199618.5130.00-2.89%0.00%61.7000
Jul 199619.5930.005.83%0.00%65.3000
Aug 199620.4430.004.34%0.00%68.1333
Sep 199622.2630.008.90%0.00%74.2000
Oct 199623.6130.006.06%0.00%78.7000
Nov 199622.3930.00-5.17%0.00%74.6333
Dec 199623.6230.005.49%0.00%78.7333
Jan 199723.2330.15-1.65%0.50%77.0481
Feb 199720.4230.15-12.10%0.00%67.7280
Mar 199719.3330.15-5.34%0.00%64.1128
Apr 199717.8830.15-7.50%0.00%59.3035
May 199719.3730.158.33%0.00%64.2454
Jun 199717.9230.15-7.49%0.00%59.4362
Jul 199718.3330.152.29%0.00%60.7960
Aug 199718.7030.152.02%0.00%62.0232
Sep 199718.6630.15-0.21%0.00%61.8906
Oct 199720.0430.157.40%0.00%66.4677
Nov 199719.0930.15-4.74%0.00%63.3168
Dec 199717.0930.15-10.48%0.00%56.6833
Jan 199815.0031.00-12.23%2.82%48.3871
Feb 199814.1031.00-6.00%0.00%45.4839
Mar 199813.1231.00-6.95%0.00%42.3226
Apr 199813.5031.002.90%0.00%43.5484
May 199814.0331.003.93%0.00%45.2581
Jun 199812.4831.00-11.05%0.00%40.2581
Jul 199812.7031.001.76%0.00%40.9677
Aug 199812.4931.00-1.65%0.00%40.2903
Sep 199813.8031.0010.49%0.00%44.5161
Oct 199813.2631.00-3.91%0.00%42.7742
Nov 199811.8831.00-10.41%0.00%38.3226
Dec 199810.4131.00-12.37%0.00%33.5807
Jan 199911.4427.599.89%-11.00%41.4643
Feb 199910.7527.59-6.03%0.00%38.9634
Mar 199913.1727.5922.51%0.00%47.7347
Apr 199915.8727.5920.50%0.00%57.5208
May 199916.0627.591.20%0.00%58.2095
Jun 199916.3927.592.05%0.00%59.4056
Jul 199918.9927.5915.86%0.00%68.8293
Aug 199920.2727.596.74%0.00%73.4687
Sep 199922.7027.5911.99%0.00%82.2762
Oct 199921.9527.59-3.30%0.00%79.5578
Nov 199924.1627.5910.07%0.00%87.5680
Dec 199925.1027.593.89%0.00%90.9750
Jan 200025.3128.790.84%4.35%87.9125
Feb 200027.2228.797.55%0.00%94.5467
Mar 200027.4928.790.99%0.00%95.4845
Apr 200023.4728.79-14.62%0.00%81.5214
May 200027.1928.7915.85%0.00%94.4425
Jun 200029.6228.798.94%0.00%102.8829
Jul 200028.1828.79-4.86%0.00%97.8812
Aug 200029.2628.793.83%0.00%101.6325
Sep 200032.0828.799.64%0.00%111.4276
Oct 200031.4028.79-2.12%0.00%109.0657
Nov 200032.3328.792.96%0.00%112.2959
Dec 200025.2028.79-22.05%0.00%87.5304
Jan 200125.9630.033.02%4.31%86.4469
Feb 200127.2430.034.93%0.00%90.7093
Mar 200125.0230.03-8.15%0.00%83.3167
Apr 200125.7230.032.80%0.00%85.6477
May 200127.5530.037.12%0.00%91.7416
Jun 200126.9730.03-2.11%0.00%89.8102
Jul 200124.8030.03-8.05%0.00%82.5841
Aug 200125.8230.034.11%0.00%85.9807
Sep 200125.2130.03-2.36%0.00%83.9494
Oct 200120.7330.03-17.77%0.00%69.0310
Nov 200118.6930.03-9.84%0.00%62.2378
Dec 200118.5230.03-0.91%0.00%61.6717
Jan 200219.1529.313.40%-2.40%65.3361
Feb 200219.9829.314.33%0.00%68.1679
Mar 200223.6429.3118.32%0.00%80.6551
Apr 200225.4329.317.57%0.00%86.7622
May 200225.6729.310.94%0.00%87.5810
Jun 200224.4929.31-4.60%0.00%83.5551
Jul 200225.7529.315.14%0.00%87.8540
Aug 200226.7829.314.00%0.00%91.3681
Sep 200228.2829.315.60%0.00%96.4858
Oct 200227.5329.31-2.65%0.00%93.9270
Nov 200224.5429.31-10.86%0.00%83.7257
Dec 200227.8929.3113.65%0.00%95.1552
Jan 200330.7531.9510.25%9.01%96.2441
Feb 200332.8831.956.93%0.00%102.9108
Mar 200330.3631.95-7.66%0.00%95.0235
Apr 200325.5631.95-15.81%0.00%80.0000
May 200326.0631.951.96%0.00%81.5650
Jun 200327.9231.957.14%0.00%87.3865
Jul 200328.5931.952.40%0.00%89.4836
Aug 200329.6831.953.81%0.00%92.8952
Sep 200326.8831.95-9.43%0.00%84.1315
Oct 200329.0131.957.92%0.00%90.7981
Nov 200329.1231.950.38%0.00%91.1424
Dec 200329.9731.952.92%0.00%93.8028
Jan 200431.3737.904.67%18.62%82.7705
Feb 200431.3337.90-0.13%0.00%82.6649
Mar 200433.6737.907.47%0.00%88.8391
Apr 200433.7137.900.12%0.00%88.9446
May 200437.5637.9011.42%0.00%99.1029
Jun 200435.5437.90-5.38%0.00%93.7731
Jul 200437.8937.906.61%0.00%99.9736
Aug 200442.0837.9011.06%0.00%111.0290
Sep 200441.6037.90-1.14%0.00%109.7625
Oct 200446.8837.9012.69%0.00%123.6939
Nov 200442.1337.90-10.13%0.00%111.1609
Dec 200439.0437.90-7.33%0.00%103.0079
Jan 200542.9765.0010.07%71.50%66.1077
Feb 200544.8265.004.31%0.00%68.9539
Mar 200550.9465.0013.65%0.00%78.3692
Apr 200550.6465.00-0.59%0.00%77.9077
May 200547.8365.00-5.55%0.00%73.5846
Jun 200553.8965.0012.67%0.00%82.9077
Jul 200556.3765.004.60%0.00%86.7231
Aug 200561.8965.009.79%0.00%95.2154
Sep 200561.6965.00-0.32%0.00%94.9077
Oct 200558.1965.00-5.67%0.00%89.5231
Nov 200555.0465.00-5.41%0.00%84.6769
Dec 200556.4365.002.53%0.00%86.8154
Jan 200662.4667.2010.69%3.38%92.9464
Feb 200659.7065.20-4.42%-2.98%91.5644
Mar 200660.9366.702.06%2.30%91.3493
Apr 200667.9767.3011.55%0.90%100.9955
May 200668.6867.301.04%0.00%102.0505
Jun 200668.2969.30-0.57%2.97%98.5426
Jul 200672.4570.506.09%1.73%102.7660
Aug 200671.8169.80-0.88%-0.99%102.8797
Sep 200662.1270.00-13.49%0.29%88.7429
Oct 200657.9171.70-6.78%2.43%80.7671
Nov 200658.1473.500.40%2.51%79.1020
Dec 200660.9973.504.90%0.00%82.9796
Jan 200753.5278.20-12.25%6.39%68.4399
Feb 200757.5682.667.55%5.70%69.6347
Mar 200760.6088.555.28%7.13%68.4359
Apr 200765.0691.267.36%3.06%71.2908
May 200765.16102.020.15%11.79%63.8698
Jun 200768.19103.214.65%1.17%66.0692
Jul 200773.60106.097.93%2.79%69.3751
Aug 200770.13121.89-4.71%14.89%57.5355
Sep 200776.76148.659.45%21.95%51.6381
Oct 200781.97168.116.79%13.09%48.7597
Nov 200791.34195.0911.43%16.05%46.8194
Dec 200789.52190.12-1.99%-2.55%47.0861
Jan 200890.69193.371.31%1.71%46.8997
Feb 200893.39186.122.98%-3.75%50.1773
Mar 2008101.84197.129.05%5.91%51.6640
Apr 2008108.76195.956.79%-0.59%55.5040
May 2008122.63192.9512.75%-1.53%63.5553
Jun 2008131.52183.937.25%-4.67%71.5055
Jul 2008132.83180.501.00%-1.86%73.5900
Aug 2008114.57178.74-13.75%-0.98%64.0987
Sep 200899.66139.64-13.01%-21.88%71.3692
Oct 200872.6988.67-27.06%-36.50%81.9781
Nov 200853.9764.95-25.75%-26.75%83.0947
Dec 200841.3469.98-23.40%7.74%59.0740
Jan 200943.8672.516.10%3.62%60.4882
Feb 200941.8475.59-4.61%4.25%55.3512
Mar 200946.6564.0711.50%-15.24%72.8110
Apr 200950.2859.787.78%-6.70%84.1084
May 200958.1562.6915.65%4.87%92.7580
Jun 200969.1571.6618.92%14.31%96.4973
Jul 200964.6783.95-6.48%17.15%77.0340
Aug 200971.6397.6710.76%16.34%73.3388
Sep 200968.3580.71-4.58%-17.36%84.6859
Oct 200974.0886.798.38%7.53%85.3555
Nov 200977.5599.264.68%14.37%78.1282
Dec 200974.88105.07-3.44%5.85%71.2668
Jan 201077.12125.722.99%19.65%61.3427
Feb 201074.76127.49-3.06%1.41%58.6399
Mar 201079.30139.696.07%9.57%56.7686
Apr 201084.18172.476.15%23.47%48.8085
May 201075.62161.35-10.17%-6.45%46.8671
Jun 201074.73143.63-1.18%-10.98%52.0295
Jul 201074.58126.36-0.20%-12.02%59.0218
Aug 201075.83145.341.68%15.02%52.1742
Sep 201076.12140.630.38%-3.24%54.1279
Oct 201081.72148.487.36%5.58%55.0377
Nov 201084.53156.103.44%5.13%54.1512
Dec 201090.01163.106.48%4.48%55.1870
Jan 201192.69179.182.98%9.86%51.7301
Feb 201197.91187.185.63%4.46%52.3079
Mar 2011108.65169.3610.97%-9.52%64.1533
Apr 2011116.24179.336.99%5.89%64.8191
May 2011108.07177.05-7.03%-1.27%61.0393
Jun 2011105.85170.88-2.05%-3.48%61.9441
Jul 2011107.92172.981.96%1.23%62.3887
Aug 2011100.49177.50-6.88%2.61%56.6141
Sep 2011100.82177.230.33%-0.15%56.8865
Oct 201199.85150.43-0.96%-15.12%66.3764
Nov 2011105.41135.545.57%-9.90%77.7704
Dec 2011104.23136.39-1.12%0.63%76.4206
Jan 2012107.07140.262.72%2.84%76.3368
Feb 2012112.69140.405.25%0.10%80.2635
Mar 2012117.79144.664.53%3.03%81.4254
Apr 2012113.67147.64-3.50%2.06%76.9913
May 2012104.09136.61-8.43%-7.47%76.1950
Jun 201290.73134.66-12.84%-1.43%67.3771
Jul 201296.75127.946.64%-4.99%75.6214
Aug 2012105.27107.508.81%-15.98%97.9256
Sep 2012106.2899.470.96%-7.47%106.8463
Oct 2012103.41113.95-2.70%14.56%90.7503
Nov 2012101.17120.35-2.17%5.62%84.0632
Dec 2012101.19128.510.02%6.78%78.7410
Jan 2013105.10150.493.86%17.10%69.8385
Feb 2013107.64154.642.42%2.76%69.6068
Mar 2013102.52139.87-4.76%-9.55%73.2966
Apr 201398.85137.39-3.58%-1.77%71.9485
May 201399.37124.010.53%-9.74%80.1306
Jun 201399.74114.820.37%-7.41%86.8664
Jul 2013105.26127.195.53%10.77%82.7581
Aug 2013108.16137.062.76%7.76%78.9143
Sep 2013108.76134.190.55%-2.09%81.0493
Oct 2013105.43132.57-3.06%-1.21%79.5278
Nov 2013102.63136.32-2.66%2.83%75.2861
Dec 2013105.48135.792.78%-0.39%77.6788
Jan 2014102.10128.12-3.20%-5.65%79.6909
Feb 2014104.83121.372.67%-5.27%86.3723
Mar 2014104.04111.83-0.75%-7.86%93.0341
Apr 2014104.87114.580.80%2.46%91.5256
May 2014105.71100.560.80%-12.24%105.1213
Jun 2014108.3792.742.52%-7.78%116.8536
Jul 2014105.2396.05-2.90%3.57%109.5575
Aug 2014100.0592.61-4.92%-3.58%108.0337
Sep 201495.8582.38-4.20%-11.05%116.3511
Oct 201486.0881.06-10.19%-1.60%106.1929
Nov 201476.9973.73-10.56%-9.04%104.4215
Dec 201460.7068.39-21.16%-7.24%88.7557
Jan 201547.1168.23-22.39%-0.23%69.0459
Feb 201554.7962.7516.30%-8.03%87.3147
Mar 201552.8358.05-3.58%-7.49%91.0078
Apr 201557.5452.288.92%-9.94%110.0676
May 201562.5160.308.63%15.34%103.6650
Jun 201561.3162.63-1.92%3.86%97.8924
Jul 201554.3452.39-11.37%-16.35%103.7221
Aug 201545.6956.19-15.92%7.25%81.3134
Sep 201546.2856.951.29%1.35%81.2643
Oct 201546.9653.121.47%-6.73%88.4036
Nov 201543.1146.86-8.20%-11.78%91.9974
Dec 201536.5740.50-15.17%-13.57%90.2963
Jan 201629.7841.88-18.57%3.41%71.1079
Feb 201631.0346.834.20%11.82%66.2609
Mar 201637.3456.2020.34%20.01%66.4413
Apr 201640.7560.929.13%8.40%66.8910
May 201645.9455.1312.74%-9.50%83.3303
Jun 201647.6951.983.81%-5.71%91.7468
Jul 201644.1357.26-7.46%10.16%77.0695
Aug 201644.8860.891.70%6.34%73.7067
Sep 201645.0457.790.36%-5.09%77.9374
Oct 201649.2959.099.44%2.25%83.4151
Nov 201645.2673.10-8.18%23.71%61.9152
Dec 201652.6280.0216.26%9.47%65.7586
Jan 201753.5980.411.84%0.49%66.6459
Feb 201754.3589.441.42%11.23%60.7670
Mar 201750.9087.65-6.35%-2.00%58.0719
Apr 201752.1670.222.48%-19.89%74.2808
May 201749.8962.43-4.35%-11.09%79.9135
Jun 201746.1757.48-7.46%-7.93%80.3236
Jul 201747.6667.743.23%17.85%70.3573
Aug 201749.9476.074.78%12.30%65.6501
Sep 201752.9571.536.03%-5.97%74.0249
Oct 201754.9261.663.72%-13.80%89.0691
Nov 201759.9364.249.12%4.18%93.2908
Dec 201761.1972.252.10%12.47%84.6920
Jan 201866.2376.348.24%5.66%86.7566
Feb 201863.4677.46-4.18%1.47%81.9262
Mar 201864.1770.351.12%-9.18%91.2154
Apr 201868.7965.757.20%-6.54%104.6236
May 201873.4366.106.75%0.53%111.0893
Jun 201871.9865.04-1.97%-1.60%110.6704
Jul 201872.6764.560.96%-0.74%112.5620
Aug 201871.0867.15-2.19%4.01%105.8526
Sep 201875.3668.446.02%1.92%110.1110
Oct 201876.7373.411.82%7.26%104.5225
Nov 201862.3273.26-18.78%-0.20%85.0669
Dec 201853.9669.16-13.41%-5.60%78.0220
Jan 201956.5876.164.86%10.12%74.2910
Feb 201961.1388.228.04%15.84%69.2927
Mar 201963.7986.474.35%-1.98%73.7713
Apr 201968.5893.707.51%8.36%73.1910
May 201966.83100.15-2.55%6.88%66.7299
Jun 201959.76108.94-10.58%8.78%54.8559
Jul 201961.48120.242.88%10.37%51.1311
Aug 201957.6793.07-6.20%-22.60%61.9641
Sep 201960.0493.084.11%0.01%64.5037
Oct 201957.2788.53-4.61%-4.89%64.6899
Nov 201960.4084.985.47%-4.01%71.0756
Dec 201963.3592.654.88%9.03%68.3756
Jan 202061.6395.76-2.72%3.36%64.3588
Feb 202053.3587.68-13.44%-8.44%60.8463
Mar 202032.2088.99-39.64%1.49%36.1838
Apr 202021.0484.73-34.66%-4.79%24.8318
May 202030.3893.6544.39%10.53%32.4399
Jun 202039.46103.3029.89%10.30%38.1994
Jul 202042.07108.526.61%5.05%38.7671
Aug 202043.44121.073.26%11.56%35.8801
Sep 202040.60123.75-6.54%2.21%32.8081
Oct 202039.90119.78-1.72%-3.21%33.3111
Nov 202042.30124.366.02%3.82%34.0142
Dec 202048.73155.4315.20%24.98%31.3517
Jan 202153.60169.639.99%9.14%31.5982
Feb 202160.46163.8012.80%-3.44%36.9109
Mar 202163.83168.185.57%2.67%37.9534
Apr 202162.95179.83-1.38%6.93%35.0053
May 202166.40207.725.48%15.51%31.9661
Jun 202171.80214.438.13%3.23%33.4841
Jul 202173.28214.142.06%-0.14%34.2206
Aug 202168.87162.16-6.02%-24.27%42.4704
Sep 202172.80124.525.71%-23.21%58.4645
Oct 202182.06122.9112.72%-1.29%66.7643
Nov 202179.9296.24-2.61%-21.70%83.0424
Dec 202172.87116.96-8.82%21.53%62.3034
Jan 202283.92132.5315.16%13.31%63.3215
Feb 202293.54142.8411.46%7.78%65.4859
Mar 2022112.40152.0720.16%6.46%73.9133
Apr 2022103.41151.25-8.00%-0.54%68.3703
May 2022110.10131.216.47%-13.25%83.9113
Jun 2022116.80130.746.09%-0.36%89.3376
Jul 2022105.08108.57-10.03%-16.96%96.7855
Aug 202295.97108.85-8.67%0.26%88.1672
Sep 202288.2299.81-8.08%-8.31%88.3879
Oct 202290.3392.562.39%-7.26%97.5908
Nov 202287.3893.34-3.27%0.84%93.6147
Dec 202278.07111.84-10.65%19.82%69.8051
Jan 202380.41122.233.00%9.29%65.7858
Feb 202380.25127.60-0.20%4.39%62.8919
Mar 202376.47128.37-4.71%0.60%59.5700
Apr 202382.46117.397.83%-8.55%70.2445
May 202374.12105.15-10.11%-10.43%70.4898
Jun 202373.26113.45-1.16%7.89%64.5747
Jul 202378.98114.437.81%0.86%69.0204
Aug 202384.72110.207.27%-3.70%76.8784
Sep 202392.22120.988.85%9.78%76.2275
Oct 202389.08118.97-3.40%-1.66%74.8760
Nov 202381.35131.07-8.68%10.17%62.0661
Dec 202375.72137.05-6.92%4.56%55.2499
Jan 202477.67135.822.58%-0.90%57.1860
Feb 202480.55124.393.71%-8.42%64.7560

Top Companies

Saudi Aramco
Website: http://www.saudiaramco.com/
Location: Dhahran, Saudi Arabia
Estimated Production: 8.5 million barrels per day

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Commodities Market

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  • Sellers: List your products
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