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WHEN OIL PRICES RISE, STEEL PRICES FOLLOW?

When Oil Prices Rise, Steel Prices Follow?

Study Released October 21, 2011

Commodity Report - Crude Oil - September 2011

When the prices of crude oil are discussed in relation to prices of other commodities in the market, natural gas prices dominated the list of possible commodities, whose prices moved in tandem with crude prices. However, in the last five years the market has seen a decoupling effect between the
two commodities – prices are no longer closely correlated. Oil prices were rising as natural gas prices were falling. Many factors have contributed to the lower natural gas price. One of the more important ones is unconventional shale gas development in the US and around the world...... Download full report.

September 2011