Futures jumped on Russian Energy Minister Alexander Novak's comments that Saudi Arabia had proposed that each OPEC country reduce oil output by up to 5%.
Crude oil (WTI) is spiking 2.72% to $33.18 per barrel and Brent crude is jumping 3.29% to $34.19 per barrel.
Additionally, the airline carrier, along with others, are offering pregnant passengers traveling to areas impacted by the Zika virus full refunds. World Health Organization (WHO) officials announced today that the Zika virus was "spreading explosively" in the Americas and that "the level of alarm is extremely high," the New York Times reports.
The Zika virus, which has been plaguing numerous countries in the Americas, can be spread to people through mosquito bites, according to the Centers for Disease Control and Prevention (CDC).
The airline carrier will release its fourth quarter fiscal 2015 earnings on Friday before the opening bell.
Separately, TheStreet ratings currently has a "Buy" rating on the stock with a letter grade of B-.
The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, notable return on equity, expanding profit margins, good cash flow from operations and compelling growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: AAL