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How Nabors Industries Reacted to Crude Oil’s Moves Last Week

Alex Chamberlin
How Nabors Industries Reacted to Crude Oil’s Moves Last Week

In the week ending July 6, Nabors Industries’ (NBR) correlation with crude oil was 0.26. Last week, Nabors Industries’ correlation with the VanEck Vectors Oil Services ETF (OIH) was 0.15.