U.S. Markets open in 1 hr 29 mins

How Schlumberger Reacted to Crude Oil Moves Last Week

Alex Chamberlin
How Schlumberger Reacted to Crude Oil Moves Last Week

Last week, Schlumberger’s (SLB) correlation with crude oil was 0.63. The strong correlation implies that the stock closely tracked crude oil’s movements. Schlumberger’s correlation with the VanEck Vectors Oil Services ETF (OIH) was 0.75. Schlumberger’s correlation with crude oil