The path of least resistance of the price of crude oil can impact many different markets across all asset classes. When it comes to other commodities, crude oil has a substantial impact on the production process. Rising or falling crude oil prices can also affect the prices of commodities we depend on for food. Biofuels like ethanol are products of agricultural commodities such as corn and sugar.
Crude oil can be a leading indicator for the stock market. The energy commodity also is a barometer of inflationary pressures which can move the level of interest