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Business

Energy Shares Shed Crude Relationship With Oil Prices

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The link between crude prices and shares in oil-producing companies has weakened. With the commodity losing a quarter of its value in six weeks, that is a relief for investors.

What's Happening

Oil bottomed in early 2016 after falling steeply over the previous two years and then rebounded sharply. Prices had roughly tripled by early October, when Brent, the global benchmark, briefly topped $ 85 a barrel.

Yet …
  



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