InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Airline Stocks Descend As Oil Soars


All of the major airline stocks have been coming under some heavy selling pressure since early February 2012. The catalyst for the decline in the airlines sector has been the sharp increase in oil. Crude has been soaring higher by more than $100.00 a barrel since early February and this happens to coincide with the decline in the airline stocks. Yesterday, spot crude closed at over $106.00 a barrel, and this is a problematic number for the airline industry. All of the leading airline stocks still look to have further weakness ahead. ...Continue reading here: http://bit.ly/wrusaY