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How NOW Stock Has Reacted to Crude Oil Prices

Alex Chamberlin
How NOW Stock Has Reacted to Crude Oil Prices

Between January 1 and May 23, NOW’s (DNOW) correlation with crude oil was 0.38 and the VanEck Vectors Oil Services ETF’s (OIH) correlation was 0.62, lower than their correlation over the year ended May 23. WTI crude oil prices have risen significantly since the end of June 2017.