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Did Crude Oil Move ConocoPhillips Stock Last Week?

Nicholas Chapman
Did Crude Oil Move ConocoPhillips Stock Last Week?

As we learned in the previous article, ConocoPhillips’s (COP) stock price rose an impressive ~10% in the week that ended on April 13, 2018. It’s clear that COP’s stock price has outperformed crude oil’s price. In this article, we’ll try to quantify the correlation between COP stock and crude oil.