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Delta Air Lines (DAL) Stock Rises as Crude Prices Drop

NEW YORK (TheStreet) -- Shares of Delta Air Lines (DAL - Get Report) closed trading up by 2% to $45.99 on Wednesday, as falling crude prices lifted the airline sector.

Declining crude prices have helped airlines reap record profits over the past 12 months as overhead costs from jet fuel subsequently retreated.

During crude's precipitous fall over the past year, airline stocks have generally suffered on the occasions that oil prices have rallied.

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Oil prices dropped earlier today after the U.S. Energy Information Association reported that crude stockpiles increased by 3.1 million barrels, versus analysts' consensus 2.5 million barrel expectations, to 461 million barrels last week.

The increase marks the second consecutive week that U.S. stockpiles have risen.

Industry standard Brent crude for November delivery fell 0.65% to $51.58...