|
|
Wall Street History
https://www.gofundme.com/s3h2w8
|
10/15/2004
Crude Oil and Share Prices
With the price of crude continuing to rise, over 60% year to date as of this writing, I thought we’d take a look at the relationship between the price and the major energy indexes, the OSX (Oil Service some representative components – Baker Hughes, Halliburton, Nabors, Schlumberger) and XOI (Major ‘Integrateds’ such as – British Petroleum, ChevronTexaco, Royal Dutch, Total and Exxon Mobil).
2004
Date ..Oil XOI .OSX
10/15 54.93 .699 ..119 10/8 ..53.31 .719 ..123 10/1 ..50.12 .707 ..123 9/24 ..48.88 .689 ..120 9/17 ..45.59 .673 ..117 9/10 ..42.83 .655 ..113 9/3 43.99 .651 ..114 8/27 ..43.18 .631 ..109 8/20 ..46.72 .629 ..107 8/13 ..46.03 .626 ..103 8/6 43.95 .621 ..104 7/30 ..43.80 .651 ..111 7/23 ..41.71 .637 ..109 7/16 ..41.30 .660 ..112 7/9 39.96 .648 ..108 7/2 38.39 .637 ..107 6/25 ..37.55 .637 ..107 6/18 ..39.00 .634 ..105 6/11 ..38.65 .610 99 6/4 38.49 .605 97 5/28 ..39.88 .604 98 5/21 ..39.93 .590 95 5/14 ..41.38 .609 98 5/7 39.93 .607 98 4/30 ..37.38 .604 ..103 4/23 ..36.46 .609 ..105 4/16 ..37.74 .614 ..106 4/9 37.14 .600 ..102 4/2 34.39 .589 ..101 3/26 ..35.73 .572 ..100 3/19 ..38.08 .590 ..105 3/12 ..36.19 .588 ..104 3/5 37.26 .604 ..109 2/27 ..36.16 .593 ..107 2/20 ..35.60 .581 ..104 2/13 ..34.56 .578 ..105 2/6 32.48 .561 99 1/30 ..33.05 .563 ..100 1/23 ..34.94 .577 ..102 1/16 ..35.07 .564 95 1/9 34.31 .565 98 1/2 32.52 .563 93
12/31/03 32.52 .562 .93
12/31/02 31.20 .446 .86
12/31/03-10/8/04
Oil ..+64% XOI +28 OSX...+32
12/31/02-12/31/03
Oil ..+4% XOI +26 OSX...+8
Of course earnings growth and expectations are still prime factors in determining share prices, and thus the indexes as well as the direction of crude itself.
Notes: Prices for 6/11 and 4/9 reflect the day before due to Reagan funeral and Good Friday. Oil futures market closed 1/2/04, stocks open.
Sources: My own database, Yahoo Finance.
Wall Street History returns October 22.
Brian Trumbore
|
|
|