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How Did Schlumberger React to Crude Oil’s Price Last Week?

Alex Chamberlin
How Did Schlumberger React to Crude Oil’s Price Last Week?

Schlumberger’s (SLB) correlation with crude oil’s price from April 27 to May 4 is 0.38, meaning that SLB’s correlation with crude oil has been moderate in the past week. A moderate positive correlation implies that the stock has loosely tracked crude oil’s movements.