How TechnipFMC Is Reacting to Crude Oil’s Moves

TechnipFMC’s (FTI) stock price correlation with crude oil from April 10, 2017, to July 10, 2018, was 0.11, which indicates a relatively weak positive relationship between TechnipFMC’s stock and crude oil prices. A low correlation indicates the stock’s price loosely tracked crude oil prices. FTI’s correlation with crude oil prices was lower in the trailing three months to July 10, 2018, compared to the past year. The WTI crude oil price increased 11% in the past three months until July 10.