📊 Crude oil and S&P500: correlation analysis

Irbis Index April 2024

To view the full Index for April 2024 click here.

Irbis Research

Crude oil, often called "black gold," has a significant influence on virtually every sector of the global economy.

As a result, fluctuations in oil prices can have wide-ranging effects on financial markets.

Our recent analysis explored the relationship between crude oil prices and the S&P 500 index from 2019 to May 2024.

The study highlights how these critical components of the global economy interact under various economic conditions.

Find the full report here.

Logistics Headlines

Hapag-Lloyd reports strong Q1 results but warns of market uncertainty due to significant swings in demand and rates.

Amazon reports strong Q1 2024 results, with 11% sales growth and expanding margins, despite economic headwinds.

Maersk opened a new cross-dock facility in Rotterdam to expedite cargo flow and improve supply chain efficiency.

CMA CGM joined the Intra-Asia Box Consortium to enhance its market share and service offerings in the intra-Asia trade lane.

XPO Logistics opens three new less-than-truckload (LTL) terminals in Adelanto, California, Conley, Georgia, and Stafford, Texas to expand its North American LTL network.

GXO Logistics opened a new 1.1 million-square-foot warehouse in Maryland to manage logistics for Conair.

Maersk launches a new air freight gateway in Miami, expanding its integrated logistics offerings and strengthening its position in the Latin American market.

Alibaba.com launches a logistics marketplace to help small and medium-sized businesses in China access end-to-end supply chain services.

DHL was named a Leader in the 2024 Gartner Magic Quadrant for Third-Party Logistics, while Körber was named a Leader in the 2024 Gartner Magic Quadrant for Warehouse Management Systems.

SPS Commerce acquired retail cloud provider Traverse Systems for $29M to enhance supply chain efficiency through digital connectivity between trading partners.