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American Airlines (AAL) Stock Takes Off, Oil Prices Drop

NEW YORK (TheStreet) -- American Airlines Group (AAL - Get Report) shares closed up 3.35% to $43.84 on Monday afternoon helped by falling oil prices.

Crude oil (WTI) is slumping 4.49% to $47.40 per barrel and Brent crude is plunging 4.65% to $50.20 per barrel, according to the index.

Oil prices are headed lower due to OPEC saying that countries pumped out more oil last month than in August, the Wall Street Journal reports.

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Overall, the market continues to suffer from being oversupplied, said.

Based in Fort Worth, American Airlines Group operates in the airline industry.

Separately, TheStreet Ratings team rates AMERICAN AIRLINES GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate AMERICAN AIRLINES GROUP INC (AAL) a HOLD. The primary factors that have impacted our rating are...