NEW YORK (TheStreet) -- American Airlines Group (AAL) - Get Report stock closed up 1.01% to $40.91 on Monday as the airline sector benefited from lower crude oil prices.

WTI crude is falling 0.20% to $39.38 per barrel on the New York Mercantile Exchange, while Brent crude is declining 0.42% to $40.27 per barrel on the Intercontinental Exchange this afternoon.

Oil prices were pressured by bearish forecasts from investments banks, including Barclays and Macquarie, which expect prices to decline to nearly $30 per barrel, Reuters reports.

"The market likely remains oversupplied by around 0.6 million bpd (barrels per day) through 1H16 and inventories will continue to build from already high levels," Jefferies International analysts said, according to Reuters.

Weaker crude prices have significantly lowered fuel costs for American Airlines, a Fort Worth-based airline carrier. In 2015, the company's spent an average of $1.72 per gallon on fuel, down 40.7% from $2.91 per gallon for 2014.

Separately, American Airlines has a "buy" rating and a letter grade of B- at TheStreet Ratings because of the company's impressive record of earnings per share growth, expanding profit margins, compelling growth in net income and notable return on equity.

You can view the full analysis from the report here: AAL

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 article's author.

Image placeholder title