The Correlation Between Stock Markets And Oil Prices Remains High

Brent crude oil prices closed at just over $33.00 today. Since late last year the price of oil and equity prices are moving in sync with each other. The correlation between oil prices and stocks jumped to high levels in January according to an article by James Tierney, Jr. of Alliance Bersntein. From the article: Equity …

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Oil Price Decline Has Reached Historical Extremes

Crude oil prices have declined dramatically in the past year or so. Brent crude closed at $28.49 today. According to an article by Liz Ann Sonders of Charles Schwab, crude oil declines have reached historical extremes. Oil prices have plunged by 77% from the recent peak. Click to enlarge From the article: Oil effect If a recession …

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Petrobras and Ecopetrol: Latin America’s Fallen Oil Giants

Brazilian oil giant Petrobas(PBR) and Ecopetrol (EC) of Colombia were some of the largest oil companies in the world based on market capitalization until a few years ago. However both have declined dramatically in recent years with billions in market value wiped out. The following chart shows the 5-year price returns of Petrobras and Ecopetrol: Click …

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A Review of Exchange-traded Foreign Oil & Gas Sector Stocks

Oil prices have declined dramatically in the past year and continue to fall further. West Texas Intermediate crude is trading at around $36 a barrel compared to over $50 a while ago. Last week crude prices reached the lowest level in six years. A confluence of factors are attributed to the oil price collapse some of …

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Infographic: The World’s Ten Biggest Oil and Gas Companies

Oil prices have fallen below $40 per barrel. However major oil companies have paid their regular dividends and have announced plans to continue to maintain the dividend payouts.This is good news for investors in the oil producers as opposed to investors in oil exploration firms, oil equipment makers and others whose stocks have been crushed hard …

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