Crude Oil (petroleum) vs Palm oil - Price Rate of Change Comparison

Range
6m 1y 5y 10y 15y 20y 25y 30y
Correlation coefficient: 0.230743

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



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)Palm oil Price (US Dollars per Metric Ton)Crude Oil (petroleum) ROCPalm oil ROCCrude Oil (petroleum) / Palm oil Price Ratio
Mar 199413.62395.00--0.0345
Apr 199415.08434.0010.72%9.87%0.0347
May 199416.28488.007.96%12.44%0.0334
Jun 199417.17508.005.47%4.10%0.0338
Jul 199417.88494.004.14%-2.76%0.0362
Aug 199417.00575.00-4.92%16.40%0.0296
Sep 199416.20614.00-4.71%6.78%0.0264
Oct 199416.47616.001.67%0.33%0.0267
Nov 199417.08707.003.70%14.77%0.0242
Dec 199415.94719.00-6.67%1.70%0.0222
Jan 199516.90655.006.02%-8.90%0.0258
Feb 199517.42661.003.08%0.92%0.0264
Mar 199517.35687.00-0.40%3.93%0.0253
Apr 199518.65625.007.49%-9.02%0.0298
May 199518.42611.00-1.23%-2.24%0.0301
Jun 199517.36631.00-5.75%3.27%0.0275
Jul 199516.08655.00-7.37%3.80%0.0245
Aug 199516.47616.002.43%-5.95%0.0267
Sep 199516.82586.002.13%-4.87%0.0287
Oct 199516.12615.00-4.16%4.95%0.0262
Nov 199516.74607.003.85%-1.30%0.0276
Dec 199517.87590.006.75%-2.80%0.0303
Jan 199617.80535.00-0.39%-9.32%0.0333
Feb 199617.70518.00-0.56%-3.18%0.0342
Mar 199619.40519.009.60%0.19%0.0374
Apr 199620.66562.006.49%8.29%0.0368
May 199619.06552.00-7.74%-1.78%0.0345
Jun 199618.51508.00-2.89%-7.97%0.0364
Jul 199619.59476.005.83%-6.30%0.0412
Aug 199620.44513.004.34%7.77%0.0398
Sep 199622.26545.008.90%6.24%0.0408
Oct 199623.61532.006.06%-2.39%0.0444
Nov 199622.39550.00-5.17%3.38%0.0407
Dec 199623.62561.005.49%2.00%0.0421
Jan 199723.23567.00-1.65%1.07%0.0410
Feb 199720.42580.00-12.10%2.29%0.0352
Mar 199719.33559.00-5.34%-3.62%0.0346
Apr 199717.88562.00-7.50%0.54%0.0318
May 199719.37553.008.33%-1.60%0.0350
Jun 199717.92533.00-7.49%-3.62%0.0336
Jul 199718.33498.002.29%-6.57%0.0368
Aug 199718.70504.002.02%1.20%0.0371
Sep 199718.66525.00-0.21%4.17%0.0355
Oct 199720.04547.007.40%4.19%0.0366
Nov 199719.09556.00-4.74%1.65%0.0343
Dec 199717.09566.00-10.48%1.80%0.0302
Jan 199815.00621.00-12.23%9.72%0.0242
Feb 199814.10659.00-6.00%6.12%0.0214
Mar 199813.12671.00-6.95%1.82%0.0196
Apr 199813.50688.002.90%2.53%0.0196
May 199814.03705.003.93%2.47%0.0199
Jun 199812.48633.00-11.05%-10.21%0.0197
Jul 199812.70661.001.76%4.42%0.0192
Aug 199812.49674.00-1.65%1.97%0.0185
Sep 199813.80703.0010.49%4.30%0.0196
Oct 199813.26694.00-3.91%-1.28%0.0191
Nov 199811.88681.00-10.41%-1.87%0.0174
Dec 199810.41663.00-12.37%-2.64%0.0157
Jan 199911.44632.009.89%-4.68%0.0181
Feb 199910.75561.00-6.03%-11.23%0.0192
Mar 199913.17497.0022.51%-11.41%0.0265
Apr 199915.87509.0020.50%2.41%0.0312
May 199916.06475.001.20%-6.68%0.0338
Jun 199916.39392.002.05%-17.47%0.0418
Jul 199918.99319.0015.86%-18.62%0.0595
Aug 199920.27354.006.74%10.97%0.0573
Sep 199922.70388.0011.99%9.60%0.0585
Oct 199921.95381.00-3.30%-1.80%0.0576
Nov 199924.16370.0010.07%-2.89%0.0653
Dec 199925.10354.003.89%-4.32%0.0709
Jan 200025.31348.000.84%-1.69%0.0727
Feb 200027.22332.007.55%-4.60%0.0820
Mar 200027.49349.000.99%5.12%0.0788
Apr 200023.47372.00-14.62%6.59%0.0631
May 200027.19324.0015.85%-12.90%0.0839
Jun 200029.62315.008.94%-2.78%0.0940
Jul 200028.18312.00-4.86%-0.95%0.0903
Aug 200029.26306.003.83%-1.92%0.0956
Sep 200032.08288.009.64%-5.88%0.1114
Oct 200031.40255.00-2.12%-11.46%0.1231
Nov 200032.33257.002.96%0.78%0.1258
Dec 200025.20265.00-22.05%3.11%0.0951
Jan 200125.96254.003.02%-4.15%0.1022
Feb 200127.24240.004.93%-5.51%0.1135
Mar 200125.02254.00-8.15%5.83%0.0985
Apr 200125.72251.002.80%-1.18%0.1025
May 200127.55234.007.12%-6.77%0.1177
Jun 200126.97255.00-2.11%8.97%0.1058
Jul 200124.80330.00-8.05%29.41%0.0752
Aug 200125.82362.004.11%9.70%0.0713
Sep 200125.21310.00-2.36%-14.36%0.0813
Oct 200120.73277.00-17.77%-10.65%0.0748
Nov 200118.69323.00-9.84%16.61%0.0579
Dec 200118.52359.50-0.91%11.30%0.0515
Jan 200219.15373.803.40%3.98%0.0512
Feb 200219.98352.984.33%-5.57%0.0566
Mar 200223.64359.0018.32%1.71%0.0658
Apr 200225.43360.077.57%0.30%0.0706
May 200225.67384.910.94%6.90%0.0667
Jun 200224.49426.13-4.60%10.71%0.0575
Jul 200225.75422.225.14%-0.92%0.0610
Aug 200226.78446.094.00%5.65%0.0600
Sep 200228.28424.765.60%-4.78%0.0666
Oct 200227.53427.24-2.65%0.58%0.0644
Nov 200224.54465.02-10.86%8.84%0.0528
Dec 200227.89488.5213.65%5.05%0.0571
Jan 200330.75486.1110.25%-0.49%0.0633
Feb 200332.88476.956.93%-1.88%0.0689
Mar 200330.36453.55-7.66%-4.91%0.0669
Apr 200325.56443.02-15.81%-2.32%0.0577
May 200326.06453.821.96%2.44%0.0574
Jun 200327.92466.217.14%2.73%0.0599
Jul 200328.59457.722.40%-1.82%0.0625
Aug 200329.68439.363.81%-4.01%0.0676
Sep 200326.88440.91-9.43%0.35%0.0610
Oct 200329.01515.077.92%16.82%0.0563
Nov 200329.12548.000.38%6.39%0.0531
Dec 200329.97539.722.92%-1.51%0.0555
Jan 200431.37527.234.67%-2.31%0.0595
Feb 200431.33564.13-0.13%7.00%0.0555
Mar 200433.67583.527.47%3.44%0.0577
Apr 200433.71575.050.12%-1.45%0.0586
May 200437.56537.1711.42%-6.59%0.0699
Jun 200435.54471.20-5.38%-12.28%0.0754
Jul 200437.89454.776.61%-3.49%0.0833
Aug 200442.08458.1411.06%0.74%0.0918
Sep 200441.60468.09-1.14%2.17%0.0889
Oct 200446.88451.2612.69%-3.60%0.1039
Nov 200442.13454.61-10.13%0.74%0.0927
Dec 200439.04446.20-7.33%-1.85%0.0875
Jan 200542.97418.8610.07%-6.13%0.1026
Feb 200544.82422.634.31%0.90%0.1061
Mar 200550.94458.1313.65%8.40%0.1112
Apr 200550.64457.86-0.59%-0.06%0.1106
May 200547.83450.00-5.55%-1.72%0.1063
Jun 200553.89451.7012.67%0.38%0.1193
Jul 200556.37454.524.60%0.62%0.1240
Aug 200561.89448.489.79%-1.33%0.1380
Sep 200561.69453.64-0.32%1.15%0.1360
Oct 200558.19467.50-5.67%3.06%0.1245
Nov 200555.04466.70-5.41%-0.17%0.1179
Dec 200556.43456.752.53%-2.13%0.1235
Jan 200662.46459.0510.69%0.50%0.1361
Feb 200659.70473.90-4.42%3.23%0.1260
Mar 200660.93472.522.06%-0.29%0.1289
Apr 200667.97475.9011.55%0.72%0.1428
May 200668.68483.721.04%1.64%0.1420
Jun 200668.29478.16-0.57%-1.15%0.1428
Jul 200672.45499.216.09%4.40%0.1451
Aug 200671.81534.26-0.88%7.02%0.1344
Sep 200662.12511.24-13.49%-4.31%0.1215
Oct 200657.91514.18-6.78%0.58%0.1126
Nov 200658.14571.570.40%11.16%0.1017
Dec 200660.99625.884.90%9.50%0.0974
Jan 200753.52637.59-12.25%1.87%0.0839
Feb 200757.56645.207.55%1.19%0.0892
Mar 200760.60660.935.28%2.44%0.0917
Apr 200765.06743.457.36%12.49%0.0875
May 200765.16816.090.15%9.77%0.0798
Jun 200768.19833.194.65%2.10%0.0818
Jul 200773.60854.527.93%2.56%0.0861
Aug 200770.13830.65-4.71%-2.79%0.0844
Sep 200776.76851.639.45%2.53%0.0901
Oct 200781.97926.206.79%8.76%0.0885
Nov 200791.34998.5711.43%7.81%0.0915
Dec 200789.521,002.22-1.99%0.37%0.0893
Jan 200890.691,122.151.31%11.97%0.0808
Feb 200893.391,268.632.98%13.05%0.0736
Mar 2008101.841,377.229.05%8.56%0.0739
Apr 2008108.761,320.116.79%-4.15%0.0824
May 2008122.631,326.4512.75%0.48%0.0924
Jun 2008131.521,293.217.25%-2.51%0.1017
Jul 2008132.831,213.481.00%-6.17%0.1095
Aug 2008114.57963.57-13.75%-20.59%0.1189
Sep 200899.66826.02-13.01%-14.28%0.1207
Oct 200872.69635.75-27.06%-23.03%0.1143
Nov 200853.97581.25-25.75%-8.57%0.0929
Dec 200841.34587.24-23.40%1.03%0.0704
Jan 200943.86658.556.10%12.14%0.0666
Feb 200941.84655.66-4.61%-0.44%0.0638
Mar 200946.65660.4811.50%0.74%0.0706
Apr 200950.28799.707.78%21.08%0.0629
May 200958.15872.6115.65%9.12%0.0666
Jun 200969.15788.5718.92%-9.63%0.0877
Jul 200964.67698.48-6.48%-11.42%0.0926
Aug 200971.63746.0510.76%6.81%0.0960
Sep 200968.35703.85-4.58%-5.66%0.0971
Oct 200974.08724.668.38%2.96%0.1022
Nov 200977.55763.334.68%5.34%0.1016
Dec 200974.88821.81-3.44%7.66%0.0911
Jan 201077.12830.882.99%1.10%0.0928
Feb 201074.76830.00-3.06%-0.11%0.0901
Mar 201079.30862.836.07%3.96%0.0919
Apr 201084.18862.716.15%-0.01%0.0976
May 201075.62855.31-10.17%-0.86%0.0884
Jun 201074.73825.68-1.18%-3.46%0.0905
Jul 201074.58844.43-0.20%2.27%0.0883
Aug 201075.83943.731.68%11.76%0.0804
Sep 201076.12948.880.38%0.55%0.0802
Oct 201081.721,025.837.36%8.11%0.0797
Nov 201084.531,131.363.44%10.29%0.0747
Dec 201090.011,234.646.48%9.13%0.0729
Jan 201192.691,303.572.98%5.58%0.0711
Feb 201197.911,327.215.63%1.81%0.0738
Mar 2011108.651,241.7410.97%-6.44%0.0875
Apr 2011116.241,219.616.99%-1.78%0.0953
May 2011108.071,230.12-7.03%0.86%0.0879
Jun 2011105.851,192.38-2.05%-3.07%0.0888
Jul 2011107.921,183.451.96%-0.75%0.0912
Aug 2011100.491,205.48-6.88%1.86%0.0834
Sep 2011100.821,137.250.33%-5.66%0.0887
Oct 201199.851,044.75-0.96%-8.13%0.0956
Nov 2011105.411,113.385.57%6.57%0.0947
Dec 2011104.231,121.50-1.12%0.73%0.0929
Jan 2012107.071,123.502.72%0.18%0.0953
Feb 2012112.691,146.255.25%2.02%0.0983
Mar 2012117.791,195.344.53%4.28%0.0985
Apr 2012113.671,233.61-3.50%3.20%0.0921
May 2012104.091,125.00-8.43%-8.80%0.0925
Jun 201290.731,027.74-12.84%-8.65%0.0883
Jul 201296.751,052.846.64%2.44%0.0919
Aug 2012105.271,022.388.81%-2.89%0.1030
Sep 2012106.281,001.380.96%-2.05%0.1061
Oct 2012103.41886.00-2.70%-11.52%0.1167
Nov 2012101.17863.18-2.17%-2.58%0.1172
Dec 2012101.19843.550.02%-2.27%0.1200
Jan 2013105.10884.523.86%4.86%0.1188
Feb 2013107.64919.582.42%3.96%0.1171
Mar 2013102.52891.50-4.76%-3.05%0.1150
Apr 201398.85874.17-3.58%-1.94%0.1131
May 201399.37879.470.53%0.61%0.1130
Jun 201399.74876.880.37%-0.29%0.1137
Jul 2013105.26827.095.53%-5.68%0.1273
Aug 2013108.16819.292.76%-0.94%0.1320
Sep 2013108.76826.250.55%0.85%0.1316
Oct 2013105.43859.66-3.06%4.04%0.1226
Nov 2013102.63904.05-2.66%5.16%0.1135
Dec 2013105.48886.252.78%-1.97%0.1190
Jan 2014102.10862.63-3.20%-2.67%0.1184
Feb 2014104.83904.342.67%4.84%0.1159
Mar 2014104.04953.81-0.75%5.47%0.1091
Apr 2014104.87926.630.80%-2.85%0.1132
May 2014105.71898.420.80%-3.04%0.1177
Jun 2014108.37861.882.52%-4.07%0.1257
Jul 2014105.23853.69-2.90%-0.95%0.1233
Aug 2014100.05778.69-4.92%-8.79%0.1285
Sep 201495.85760.75-4.20%-2.30%0.1260
Oct 201486.08764.40-10.19%0.48%0.1126
Nov 201476.99764.75-10.56%0.05%0.1007
Dec 201460.70719.64-21.16%-5.90%0.0843
Jan 201547.11719.64-22.39%0.00%0.0655
Feb 201554.79723.0416.30%0.47%0.0758
Mar 201552.83698.86-3.58%-3.34%0.0756
Apr 201557.54682.758.92%-2.31%0.0843
May 201562.51697.358.63%2.14%0.0896
Jun 201561.31705.91-1.92%1.23%0.0869
Jul 201554.34680.00-11.37%-3.67%0.0799
Aug 201545.69601.38-15.92%-11.56%0.0760
Sep 201546.28599.501.29%-0.31%0.0772
Oct 201546.96636.671.47%6.20%0.0738
Nov 201543.11608.21-8.20%-4.47%0.0709
Dec 201536.57607.38-15.17%-0.14%0.0602
Jan 201629.78611.63-18.57%0.70%0.0487
Feb 201631.03679.174.20%11.04%0.0457
Mar 201637.34715.9520.34%5.42%0.0522
Apr 201640.75775.009.13%8.25%0.0526
May 201645.94753.4212.74%-2.78%0.0610
Jun 201647.69718.183.81%-4.68%0.0664
Jul 201644.13678.16-7.46%-5.57%0.0651
Aug 201644.88771.021.70%13.69%0.0582
Sep 201645.04797.850.36%3.48%0.0565
Oct 201649.29749.759.44%-6.03%0.0657
Nov 201645.26766.93-8.18%2.29%0.0590
Dec 201652.62811.3816.26%5.80%0.0649
Jan 201753.59825.001.84%1.68%0.0650
Feb 201754.35808.611.42%-1.99%0.0672
Mar 201750.90778.70-6.35%-3.70%0.0654
Apr 201752.16752.062.48%-3.42%0.0694
May 201749.89762.75-4.35%1.42%0.0654
Jun 201746.17735.14-7.46%-3.62%0.0628
Jul 201747.66720.483.23%-1.99%0.0662
Aug 201749.94717.954.78%-0.35%0.0696
Sep 201752.95755.286.03%5.20%0.0701
Oct 201754.92746.793.72%-1.12%0.0735
Nov 201759.93728.869.12%-2.40%0.0822
Dec 201761.19679.172.10%-6.82%0.0901
Jan 201866.23703.458.24%3.57%0.0942
Feb 201863.46709.44-4.18%0.85%0.0895
Mar 201864.17706.191.12%-0.46%0.0909
Apr 201868.79701.187.20%-0.71%0.0981
May 201873.43687.296.75%-1.98%0.1068
Jun 201871.98656.50-1.97%-4.48%0.1096
Jul 201872.67616.140.96%-6.15%0.1179
Aug 201871.08614.10-2.19%-0.33%0.1157
Sep 201875.36605.156.02%-1.46%0.1245
Oct 201876.73590.321.82%-2.45%0.1300
Nov 201862.32539.10-18.78%-8.68%0.1156
Dec 201853.96535.02-13.41%-0.76%0.1009
Jan 201956.58584.584.86%9.26%0.0968
Feb 201961.13602.978.04%3.15%0.1014
Mar 201963.79573.024.35%-4.97%0.1113
Apr 201968.58588.457.51%2.69%0.1165
May 201966.83563.20-2.55%-4.29%0.1187
Jun 201959.76552.19-10.58%-1.95%0.1082
Jul 201961.48543.882.88%-1.50%0.1130
Aug 201957.67586.12-6.20%7.77%0.0984
Sep 201960.04580.304.11%-0.99%0.1035
Oct 201957.27591.35-4.61%1.90%0.0968
Nov 201960.40683.385.47%15.56%0.0884
Dec 201963.35769.934.88%12.66%0.0823
Jan 202061.63834.85-2.72%8.43%0.0738
Feb 202053.35728.81-13.44%-12.70%0.0732
Mar 202032.20636.25-39.64%-12.70%0.0506
Apr 202021.04608.88-34.66%-4.30%0.0346
May 202030.38576.5644.39%-5.31%0.0527
Jun 202039.46656.4929.89%13.86%0.0601
Jul 202042.07694.166.61%5.74%0.0606
Aug 202043.44760.303.26%9.53%0.0571
Sep 202040.60796.22-6.54%4.72%0.0510
Oct 202039.90819.27-1.72%2.89%0.0487
Nov 202042.30917.816.02%12.03%0.0461
Dec 202048.731,016.3715.20%10.74%0.0479
Jan 202153.60990.279.99%-2.57%0.0541
Feb 202160.461,019.8612.80%2.99%0.0593
Mar 202163.831,030.485.57%1.04%0.0619
Apr 202162.951,078.05-1.38%4.62%0.0584
May 202166.401,136.465.48%5.42%0.0584
Jun 202171.801,004.428.13%-11.62%0.0715
Jul 202173.281,062.992.06%5.83%0.0689
Aug 202168.871,141.82-6.02%7.42%0.0603
Sep 202172.801,181.385.71%3.46%0.0616
Oct 202182.061,310.2512.72%10.91%0.0626
Nov 202179.921,340.65-2.61%2.32%0.0596
Dec 202172.871,270.29-8.82%-5.25%0.0574
Jan 202283.921,344.7915.16%5.86%0.0624
Feb 202293.541,522.3611.46%13.20%0.0614
Mar 2022112.401,776.9620.16%16.72%0.0633
Apr 2022103.411,682.74-8.00%-5.30%0.0615
May 2022110.101,716.926.47%2.03%0.0641
Jun 2022116.801,501.106.09%-12.57%0.0778
Jul 2022105.081,056.64-10.03%-29.61%0.0994
Aug 202295.971,025.95-8.67%-2.90%0.0935
Sep 202288.22909.32-8.08%-11.37%0.0970
Oct 202290.33888.992.39%-2.24%0.1016
Nov 202287.38945.74-3.27%6.38%0.0924
Dec 202278.07940.39-10.65%-0.57%0.0830
Jan 202380.41941.973.00%0.17%0.0854
Feb 202380.25949.98-0.20%0.85%0.0845
Mar 202376.47972.06-4.71%2.32%0.0787
Apr 202382.461,005.247.83%3.41%0.0820
May 202374.12934.06-10.11%-7.08%0.0794
Jun 202373.26816.97-1.16%-12.54%0.0897
Jul 202378.98878.507.81%7.53%0.0899
Aug 202384.72860.827.27%-2.01%0.0984
Sep 202392.22829.608.85%-3.63%0.1112
Oct 202389.08804.26-3.40%-3.05%0.1108
Nov 202381.35830.47-8.68%3.26%0.0980
Dec 202375.72813.51-6.92%-2.04%0.0931
Jan 202477.67844.902.58%3.86%0.0919
Feb 202480.55856.933.71%1.42%0.0940

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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