Thu Aug 12, 2010 14:27 BST |
Industrial commodities such as energy and base metals are highly correlated to risk appetite and hence equity markets. Below I highlight the monthly rolling correlation between Brent crude and the Dow Jones. The two main things to note are that first, on a monthly basis, the correlation stands at 0.9 (which implies a strong and… [Read more]
Tags: Brent Crude, correlation, Dow Jones, Equities, oil
Posted in: Commodities, Equities, General, oil and gas, US
Tue Jul 22, 2008 17:47 BST |
Recent moves in the natural gas market do not bode well for higher oil prices in the near term, as the chart below suggests (click on the chart for a closer look). The dashed line is the front-month Henry Hub natural gas future (right-hand axis), and the solid line is front-month Brent Crude oil (left-hand… [Read more]
Tags: Brent Crude, credit crunch, natural gas, oil, stocks
Posted in: Commodities, General