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The rebound in crude did not get in the way of a rally in airline stocks
Airline stocks extended their bounce off last week’s lows on a receding probability of additional travel restrictions.
United Airlines (UAL 43.99, +3.38, +8.3%), American Airlines (AAL 17.93, +1.31, +7.9%), and Delta Air Lines (DAL 38.14, +2.16, +6.0%) were the top performers in the industrials sector (+1.6%), which finished atop today’s leaderboard.
The outperformance in airline stocks had a bigger impact on the Dow Jones Transportation Average (+2.3%), lifting the group to a one-week high.
WTI Oil futures have rallied back from the recent dump. EIA reporting a crude draw -241Kbbl (incl +2373kbbl build at Cushing). Gasoline stocks grew +3
[See the full post at: Around The Barrel – Large Cushing Crude Oil and Gasoline Storage Builds Continue]
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