Advertisement
New Zealand markets closed
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5940
    +0.0005 (+0.09%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • OIL

    83.66
    +0.30 (+0.36%)
     
  • GOLD

    2,338.30
    -3.80 (-0.16%)
     

How Nabors Industries Is Reacting to Crude Oil’s Change

The correlation coefficient between Nabors Industries’ (NBR) stock price and crude oil prices from October 12, 2016, to October 12, 2017, was 0.63.