Research: Is Crude Oil Taking its Cue from Vegetable Oils?

Is Crude Oil Taking its Cue from Vegetable Oils?

By Erik Norland, Senior Economist, CME Group

Highlights:

  • Data suggest crude oil prices take their cue from vegetable oils
  • Biofuel mandates could be at the heart of this relationship
  • Crude oil inventories, production continues to grow