Fueling Returns: UAL Stock And The Oil Price Opportunity
Airline stocks surged on June 16, with United Airlines (NASDAQ: UAL) leading the rally with a 6% increase, while Delta Air Lines and American Airlines each rose by 5%. The surge followed a drop in oil prices amid reports that Iran is aiming to ease tensions with Israel. However, the environment remains volatile due to ongoing geopolitical risks.
Fueling Returns: UAL Stock and the Oil Price Opportunity
Oil Price Volatility
The recent movement in oil prices has been significant. West Texas Intermediate (WTI) crude surged 20%, from $61 per barrel on May 30 to $73 on June 13, before settling slightly lower at $72. This jump was driven by escalating tensions in the Middle East, with Israel striking Iranian military and nuclear sites,…
