What drives Crude Oil Prices

Information Comments (0)

Correlation defined as linear relationship between two variables. Correlation coefficient (r) is used to measure correlation between two variables and its range varies between -1 to +1. There are two types of correlation namely positive and negative. r=+1 represents perfect positive correlation whereas r=-1 represents perfect negative correlation. Positive correlation tells both indicators are moving in same direction for e.g. If prices of crude oil and Natural gas are positively correlated and there is an increase in price of crude oil then price of Natural gas will also increase. On the other hand negative correlation between the same indicators, if there is increase in price of one will decrease the price of others.

Dataset Identifier
what-drives-crude-oil-prices-monthly-updates
Downloads
37
Themes
Crude Oil & Refined Products
Language
English
Modified
6 December 2016 12:05
Publisher
US Energy Information Administration
Reference
http://www.eia.gov/finance/markets/
Last checked date
1 December 2023
Country
World
ISO region
WORLD
Source copyrights
http://www.eia.gov/about/copyrights_reuse.php
Data classification
Public
Discontinued Data
No
Publisher Periodicity
Quarterly
Expected next release
1 October 2023
Territory
Follow

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Last processing
26 February 2024 11:49 (metadata)
29 July 2022 07:50 (data)

DCAT

Accrual periodicity
Quarterly
Temporal
2000-2022
Granularity
Global

Semantic Metadata

Attachments

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Dataset schema

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DATE
               
No description available for this field.
           
               
                   
                                                  Name (identifier)                                                                         
date
                       		                   
                   
                                                  Type                                                                         
date
                       		                   
                                      
                                                  Sample                                                                         
                       		                   
               
       
   
       
FREQUENCY
       
           
               
               
No description available for this field.
           
               
                   
                                                  Name (identifier)                                                                         
frequency
                       		                   
                   
                                                  Type                                                                         
text
                       		                   
                                      
                                                  Sample                                                                         
                       		                   
               
       
   
       
INDICATOR_NAME
       
           
               
               
No description available for this field.
           
               
                   
                                                  Name (identifier)                                                                         
indicator_name
                       		                   
                   
                                                  Type                                                                         
text
                       		                   
                                      
                                                  Sample                                                                         
                       		                   
               
       
   
       
INDICATOR_ID
       
           
               
               
No description available for this field.
           
               
                   
                                                  Name (identifier)                                                                         
indicator_id
                       		                   
                   
                                                  Type                                                                         
text
                       		                   
                                      
                                                  Sample                                                                         
                       		                   
               
       
   
       
VALUE
       
           
               
               
No description available for this field.
           
               
                   
                                                  Name (identifier)                                                                         
value
                       		                   
                   
                                                  Type                                                                         
decimal
                       		                   
                                      
                                                  Sample                                                                         
                       		                   
               
       
   
       
INDICATOR_NOTE
       
           
               
               
No description available for this field.
           
               
                   
                                                  Name (identifier)                                                                         
indicator_note
                       		                   
                   
                                                  Type                                                                         
text
                       		                   
                                      
                                                  Sample                                                                         
                       		                   
               
       
   

                                
JSON Schema

                                

                                    The following JSON object is a standardized description of your dataset's schema.
                                    More about JSON schema.
                                

                                
   
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