U.S. Markets open in 56 mins

How Schlumberger Has Reacted to Crude Oil Prices

Alex Chamberlin
How Schlumberger Has Reacted to Crude Oil Prices

The correlation coefficient between Schlumberger’s (SLB) stock price and the West Texas Intermediate (or WTI) crude oil price from May 25, 2017, to May 25, 2018, was 0.52. This indicates a close positive relationship between crude oil prices and Schlumberger stock. SLB’s correlation with the VanEck Vectors Oil Services ETF (OIH) from May 25, 2017, to May 25, 2018, was 0.85.