Correlated

Since the 2008 financial crisis, crude, metals and agricultural commodities markets are more highly correlated with each other and the S&P 500, so traders need to watch out. Good reason not to roll one’s eyes at natural gas, which lately some have dismissed as boring, an energy commodity markets veteran said.

Hydraulic fracturing (fracking) services that have been under pressure in North America’s natural gas basins now are seeing some of the same impacts in the liquids-rich basins, Schlumberger Ltd.’s CEO said Friday.