WTI for October fell 2.8% to $93.24 a barrel Tuesday. Price fell -2.3% last month, and are down -3.6% from the beginning of the year. Brent Crude, the global benchmark fell -2.2% to $100.58 a barrel, according to Barron's.
Shares of American Airlines gained 4.2% to close at $40.50, while shares of United gained 5% to close at $49.99 on Tuesday.
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TheStreet Ratings team rates DELTA AIR LINES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DELTA AIR LINES INC (DAL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."