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Kensho Stats

Stock investors better hope the oil price plunge stabilizes


Two oil workers working on drilling rig
Tyler Stableford | Getty Images

Oil is down more than 8 percent so far this week and it's no coincidence to see the S&P 500 struggle as well. History shows the stock market rarely finishes higher during a week when crude prices decline significantly.

Using Kensho, we found more than 100 five-day periods in the last decade when WTI crude declined by 5 percent or more. Here's the average performance of the S&P 500 and other relevant securities during those five-day periods: