Oil and Stocks Correlation Is Strongest Since 2013: Chart

The tie between U.S. benchmark crude oil and the stock market is at the strongest level in more than two years as concern that the global economy is slowing weigh on both markets. The 120-day correlation between West Texas Intermediate crude and the S&P 500 Index reached 0.43 on Jan. 26, highest since August 2013, and is at 0.42 Thursday.

Watch Next: Will We See an Oil Rally Soon?

Will We See an Oil Rally Soon?
Before it's here, it's on the Bloomberg Terminal. LEARN MORE