There is a clear correlation between the NSE all share index and Brent crude oil prices.
However correlation is not causation thus we cannot guarantee a rise in stock market prices because oil prices are inching up….but we cannot ignore patterns and risks.
The pattern suggests an inching up of oil prices is positive for the NSE…however Shale now becomes a risk factor in the NSE.
Seek advise before investing
(PhotoCredit: Bloomberg)