The Price of Oil and Equity Markets: How Interconnected are They?

The weekend meeting of major world oil producers in Doha intended to craft a freeze in oil production has ended without an agreement. Iran’s refusal to attend, and Saudi Arabia’s insistence that all OPEC members agree to the freeze resulted in a stalemate. As a result, the price of oil is once again in retreat. The biggest immediate losers are the producing countries whose fiscal budgets have been bludgeoned by the plunge in crude prices. And all but the lowest cost shale producers in the U.S. will remain under pressure to curtail production further.  
 

from http://newsroom.ameriprise.com/commentary/the-price-oil-and-equity-markets-how-interconnected-are-they.htm

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