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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 the price of crude oil from April 6, 2018, to April 13, 2018, was 0.73. So, SLB’s correlation with crude oil was strong in the past week. A strong positive correlation implies that the stock closely tracked crude oil’s moves.