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Here's What's Pressuring American Airlines (AAL) Stock Today

NEW YORK (TheStreet) -- Shares of American Airlines Group (AAL - Get Report) are taking a hit Wednesday afternoon, down 0.09% to $38.89 from higher oil prices.

Oil prices immediately spiked after the weekly oil inventory data was released this morning at 10:30 a.m. ET.

The report showed that crude stocks declined by 4.9 million barrels last week. This was a surprise because analysts surveyed by Thomson Reuters had expected to see a build of 3.2 million barrels.

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