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

Range
Correlation coefficient: -0.928263

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



Rate of ChangePrice Ratio

Source: Thomson Reuters Datastream, World Bank.

See also: Mineral production statistics

See also: Top commodity suppliers

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

MonthIron Ore Price (US Dollars per Dry Metric Ton)Crude Oil (petroleum) Price (US Dollars per Barrel)Iron Ore ROCCrude Oil (petroleum) ROCIron Ore / Crude Oil (petroleum) Price Ratio
Oct 2023118.9789.08--0.0134
Nov 2023131.0781.3510.17%-8.68%0.0161
Dec 2023137.0575.724.56%-6.92%0.0181
Jan 2024135.8277.67-0.90%2.58%0.0175
Feb 2024124.3980.55-8.42%3.71%0.0154

Top Companies

Companhia Vale Do Rio Doce
Website: http://www.vale.com/
Location: Rio De Janerio, Brazil
Estimated Production: 301.7 million tonnes per year

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