Question

If there are any seasonality or relationship between the price and the US oil price? How...

If there are any seasonality or relationship between the price and the US oil price? How to analyze?

Jan-10

2.769

Jan-11

3.148

Jan-12

3.44

Jan-13

3.391

Jan-14

3.392

Feb-10

2.699

Feb-11

3.264

Feb-12

3.64

Feb-13

3.736

Feb-14

3.434

Mar-10

2.824

Mar-11

3.615

Mar-12

3.907

Mar-13

3.779

Mar-14

3.606

Apr-10

2.9

Apr-11

3.852

Apr-12

3.958

Apr-13

3.638

Apr-14

3.735

May-10

2.89

May-11

3.96

May-12

3.791

May-13

3.675

May-14

3.75

Jun-10

2.785

Jun-11

3.735

Jun-12

3.596

Jun-13

3.689

Jun-14

3.766

Jul-10

2.782

Jul-11

3.705

Jul-12

3.498

Jul-13

3.661

Jul-14

3.688

Aug-10

2.783

Aug-11

3.696

Aug-12

3.78

Aug-13

3.645

Aug-14

3.565

Sep-10

2.757

Sep-11

3.667

Sep-12

3.91

Sep-13

3.604

Sep-14

3.484

Oct-10

2.853

Oct-11

3.506

Oct-12

3.812

Oct-13

3.42

Oct-14

3.255

Nov-10

2.913

Nov-11

3.443

Nov-12

3.521

Nov-13

3.322

Nov-14

2.997

Dec-10

3.048

Dec-11

3.326

Dec-12

3.381

Dec-13

3.357

Dec-14

2.632

Jan-15

2.208

Jan-16

2.057

Jan-17

2.458

Jan-18

2.671

Jan-19

2.338

Feb-15

2.301

Feb-16

1.872

Feb-17

2.416

Feb-18

2.705

Feb-19

2.393

Mar-15

2.546

Mar-16

2.071

Mar-17

2.437

Mar-18

2.709

Mar-19

2.594

Apr-15

2.555

Apr-16

2.216

Apr-17

2.528

Apr-18

2.873

Apr-19

2.881

May-15

2.802

May-16

2.371

May-17

2.503

May-18

2.987

May-19

2.946

Jun-15

2.885

Jun-16

2.467

Jun-17

2.46

Jun-18

2.97

Jun-19

2.804

Jul-15

2.88

Jul-16

2.345

Jul-17

2.414

Jul-18

2.928

Jul-19

2.823

Aug-15

2.726

Aug-16

2.284

Aug-17

2.494

Aug-18

2.914

Aug-19

2.707

Sep-15

2.462

Sep-16

2.327

Sep-17

2.761

Sep-18

2.915

Sep-19

2.681

Oct-15

2.387

Oct-16

2.359

Oct-17

2.621

Oct-18

2.943

Oct-19

2.724

Nov-15

2.26

Nov-16

2.295

Nov-17

2.678

Nov-18

2.736

Nov-19

2.693

Dec-15

2.144

Dec-16

2.366

Dec-17

2.594

Dec-18

2.457

Dec-19

2.645

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Answer #1

The data can be written as follows for comparing the seasonality or relationship:

10-Jan 2.77 11-Jan 3.15 12-Jan 3.44 13-Jan 3.39 14-Jan 3.39 15-Jan 2.21 16-Jan 2.06 17-Jan 2.46 18-Jan 2.67 19-Jan 2.34
10-Feb 2.7 11-Feb 3.26 12-Feb 3.64 13-Feb 3.74 14-Feb 3.43 15-Feb 2.3 16-Feb 1.87 17-Feb 2.42 18-Feb 2.71 19-Feb 2.39
10-Mar 2.82 11-Mar 3.62 12-Mar 3.91 13-Mar 3.78 14-Mar 3.61 15-Mar 2.55 16-Mar 2.07 17-Mar 2.44 18-Mar 2.71 19-Mar 2.59
10-Apr 2.9 11-Apr 3.85 12-Apr 3.96 13-Apr 3.64 14-Apr 3.74 15-Apr 2.56 16-Apr 2.22 17-Apr 2.53 18-Apr 2.87 19-Apr 2.88
10-May 2.89 11-May 3.96 12-May 3.79 13-May 3.68 14-May 3.75 15-May 2.8 16-May 2.37 17-May 2.5 18-May 2.99 19-May 2.95
10-Jun 2.79 11-Jun 3.74 12-Jun 3.6 13-Jun 3.69 14-Jun 3.77 15-Jun 2.89 16-Jun 2.47 17-Jun 2.46 18-Jun 2.97 19-Jun 2.8
10-Jul 2.78 11-Jul 3.71 12-Jul 3.5 13-Jul 3.66 14-Jul 3.69 15-Jul 2.88 16-Jul 2.35 17-Jul 2.41 18-Jul 2.93 19-Jul 2.82
10-Aug 2.78 11-Aug 3.7 12-Aug 3.78 13-Aug 3.65 14-Aug 3.57 15-Aug 2.73 16-Aug 2.28 17-Aug 2.49 18-Aug 2.91 19-Aug 2.71
10-Sep 2.76 11-Sep 3.67 12-Sep 3.91 13-Sep 3.6 14-Sep 3.48 15-Sep 2.46 16-Sep 2.33 17-Sep 2.76 18-Sep 2.92 19-Sep 2.68
10-Oct 2.85 11-Oct 3.51 12-Oct 3.81 13-Oct 3.42 14-Oct 3.26 15-Oct 2.39 16-Oct 2.36 17-Oct 2.62 18-Oct 2.94 19-Oct 2.72
10-Nov 2.91 11-Nov 3.44 12-Nov 3.52 13-Nov 3.32 14-Nov 3 15-Nov 2.26 16-Nov 2.3 17-Nov 2.68 18-Nov 2.74 19-Nov 2.69
10-Dec 3.05 11-Dec 3.33 12-Dec 3.38 13-Dec 3.36 14-Dec 2.63 15-Dec 2.14 16-Dec 2.37 17-Dec 2.59 18-Dec 2.46 19-Dec 2.65

From the data, we can see that there is no seasonality pattern available in the table. In some years its mid year is having lows of the year and in some years year-ends are having lows of the year. In some years the prices are in raising trend and in some years prices are in declining trend.

There is also no relationship between the given data set.   

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