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How Halliburton Is Reacting to Changing Crude Oil Prices

Alex Chamberlin
How Halliburton Is Reacting to Changing Crude Oil Prices

Halliburton’s (HAL) stock price correlation coefficient with crude oil between June 1 and June 8 was 0.57. So, 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.