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Halliburton Reacts to Changing Crude Oil Prices

Alex Chamberlin
Halliburton Reacts to Changing Crude Oil Prices

Halliburton’s (HAL) stock price correlation coefficient with crude oil on June 15–22 was 0.91. So, Halliburton and crude oil prices had a strong correlation in the past week. A high correlation with oil could mean that the stock was impacted more by crude oil’s movement.