Crude-Beta Negative Correlation Last Matched in 2008 At about minus 0.48 to June 2, the 60-day correlation between Brent crude oil and the S&P 500 is at its most negative since 2008, with downward implications for crude prices. The graphic highlights how rare it is for crude to rally at such a rapid pace alongside a record-setting stock market. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tg1t5fr24uap {BI COMD} #crudeoil #stockmarket @markets(Mike McGlone)