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Why stock investors need to start paying attention to oil again

April 7, 2017

Via: CNBC

It looks like stocks and crude are starting to pay closer attention to each other.

In the past few months, as stocks surged while crude stagnated and then slumped, the commodity and the measure of large-cap stocks actually began to experience an inverse relationship. That is, on a day when oil settled lower, stocks were more likely to rise than to fall.

Since then, the pair has begun to enjoy a closer relationship. Over the past 60 sessions, WTI crude oil and the S&P 500 have seen a correlation of about 0.28.

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