Source: Stockcharts.com
Looks very similar to my WTI vs. RYE chart. My prior comments stand.
Monday, June 3, 2013
UPDATE: Energy Stocks vs. Commodity
Regarding Friday's blog entry where I discussed energy equities versus the respective commodity, I used WTI to represent crude oil. I did receive more than a few emails advising that I should instead use Brent, in so doing the chart could look different. Agreed and I went ahead and updated the chart swapping out WTI for Brent.
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