Airline Stocks Climb As Oil Prices Drop: What's Going On? - Alaska Air Gr...

Published on 28 Oct 2024 on Benzinga

Airline Stocks Climb As Oil Prices Drop: What's Going On? - Alaska Air Gr...

Several airline stocks traded higher on Monday amid a drop in oil prices. Here’s a look at some of the biggest movers.

The Details: Crude oil prices saw their sharpest one-day drop since 2022 on Monday. Oil futures for West Texas Intermediate (WTI) fell by 6%, settling near $67 per barrel. This drop followed Israeli airstrikes in Iran that focused on military targets and avoided oil infrastructure, reducing fears of immediate supply disruptions.

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Airline Stocks Climb As Oil Prices Drop: What's Going On? - Alaska Air Gr...

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