US equities and crude oil follow each other
on November 18, 2008

Dowwti.jpg
An interesting note from PetroMatrix highlights the close linkage that has now developed between changes in the Dow Jones Industrial Average and WTI crude oil prices.
The chart, showing market action on Thursday, makes the point very clearly.
PetroMatrix’s analysis suggests that “the correlation across asset classes remains very strong and there is little diversification of sentiment or of asset fundamentals”.

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