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National Oilwell Varco Reacts to Crude Oil’s Change

Alex Chamberlin
National Oilwell Varco Reacts to Crude Oil’s Change

The correlation between National Oilwell Varco’s (NOV) stock price and crude oil prices on April 16–July 16 was 0.52. The correlation shows that there’s a strong positive relationship between National Oilwell Varco stock and crude oil prices.