Airline Stocks Under Pressure Amid Recent Run-Up in Crude Oil, News of Better-Than-Expected Auto Sales Data
December 03, 2013 at 15:58 PM EST
Bulls in the Airline space are cringing Tuesday afternoon as several factors are weighing on the sector. Crude oil has been rallying from six-month lows over the last few trading sessions, up nearly 5 percent from a Wednesday low of $91.77 per barrel. Traders in the oil space are positioning