Here Is When Stocks and Oil Will Stop Moving in Lockstep

The stock market has largely followed oil prices this year, most notably when both bottomed in February. For this trend to dissipate, oil needs to move closer to $55 to $60 a barrel, according to Jeffrey Carbone, co-founder and managing partner at Cornerstone Financial Partners. Prices West Texas Intermediate, the U.S. benchmark for oil, stand just shy of $50 a barrel, its highest level since June. The closely watched commodity has struggled to break out of the $45-$50 range, amid a glut of supply. TheStreet's Scott Gamm reports from Wall Street.