Oil Price vs. Stock Market
The evidence below would indicate that there is no immediate correlation between oil prices and the indices. However, there is a relationship, and its effects are latent.
10/27/04 Nymex Oil Futures @ $54 a barrel a high for the year.
10/25/04 Nymex Gasoline Futures @ $1.45 a gallon a high for the year
10/25/04 DJIA @ 9660.18 (intraday low) a low for the year
10/25/04 SP500 @ 1090.19 a low for the last 120 days
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03/04/05 Nymex Oil Futures @ $53.78 a barrel
03/04/05 Nymex Gasoline Futures @ $1.53 a gallon
03/04/05 DJIA @ 10996.93 (intraday high) a new 3 1/2 year high
03/04/05 SP500 @ 1224.76 a new 3 1/2 year high
10/27/04 Nymex Oil Futures @ $54 a barrel a high for the year.
10/25/04 Nymex Gasoline Futures @ $1.45 a gallon a high for the year
10/25/04 DJIA @ 9660.18 (intraday low) a low for the year
10/25/04 SP500 @ 1090.19 a low for the last 120 days
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03/04/05 Nymex Oil Futures @ $53.78 a barrel
03/04/05 Nymex Gasoline Futures @ $1.53 a gallon
03/04/05 DJIA @ 10996.93 (intraday high) a new 3 1/2 year high
03/04/05 SP500 @ 1224.76 a new 3 1/2 year high
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