Industry standard Brent crude oil fell below $56 a barrel in early trading today although it has recovered to settle at $57.34 a barrel, a 0.97% decline from its opening price.
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Oil prices have been flirting with five year lows since November when OPEC officials announced that they would not cut oil production, despite market supply surpluses, in an effort to maintain its market share.
However, also affecting oil prices today is news out of China that the country's factory production declined in December for the first time in seven months, according to Reuters. Analysts at the news agency see this development as an indication that the demand for oil in the country is waning.
TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is driven by a number of strengths, 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."