Oil Producers In Pain But Airlines Gain As Oil Prices Hit A 4-Year Low |
| December 02, 2014 | December 2014 Bond Updates |
|
A Thanksgiving announcement from OPEC that it will not change its oil output target has produced two very divergent trends in early Black Friday trading: airline stocks are taking flight while oil producer names take cover as WTI crude and Brent crude prices hit multi-year lows. Shares of United Airlines, Delta Airlines and American Airlines are each up 5% or more, while Exxon Mobil and Chevron are down more than 3% in early Friday action. |
| View more at: http://www.forbes.com/sites/maggiemcgrath/2014/11/28/oil-producers-in-pain-but-airlines-gain-as-oil-prices-hit-a-4-year-low/ |
| Related News |
|