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Halliburton Reacts to Crude Oil’s Price Change

Alex Chamberlin
Halliburton Reacts to Crude Oil’s Price Change

Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on May 25–June 1 was 0.99. Halliburton and crude oil prices had a strong correlation in the past week. A strong positive correlation implies that the stock closely tracked crude oil’s moves.