MarketWatch | Oil hasn't been this cheap relative to gold since 1988 MarketWatch How about oil versus stocks? The current ratio of the S&P 500 SPX, +0.35% to oil is 58.4 based on Thursday's close (1,943 divided by $33.27). That's well above the 30-year average of 29, Colas notes. The ratio hasn't been this high since the 1990s tech ... |