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How Schlumberger Reacted to Crude Oil Prices Last Week

Alex Chamberlin
How Schlumberger Reacted to Crude Oil Prices Last Week

Schlumberger’s (SLB) correlation with crude oil was strong between April 20 and 27, at 0.70. Its correlation with the VanEck Vectors Oil Services ETF (OIH), which represents the oilfield equipment and service industry, was 0.77. SLB’s correlation with crude oil and its implications