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One Reason American Airlines (AAL) Stock Closed Down

NEW YORK (TheStreet) -- American Airlines Group (AAL - Get Report) closed Friday's trading session down 0.02% to $40.24, pressured by climbing oil prices.

Crude oil (WTI) is jumping 1.49% to $45.58 per barrel and Brent crude is also up 0.56% to $48.44 per barrel, according to the CNBC.com index.

Lower oil stockpiles at the Cushing, Oklahoma location was a silver lining in oil's grim futures, Reuters reports.

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Traders and analysts are still bearish as oil prices are expected to return to its lows by next month.

"As U.S. refinery maintenance kicks into full gear, we're going to start seeing inventory builds instead of draws," said Tariq Zahir, a trader in crude oil spreads at Tyche Advisors.

Also, American Airlines said last month that it will stop route between Philadelphia and Tel Aviv in January as it sees no profits, Bloomberg reports.

Separately, TheStreet Ratings team rates AMERICAN AIRLINES...


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