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XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
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DOGE$0.0789-3.56%
USDS$0.9997+0.00%
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American Airlines stock fell as oil prices surged above $100 per barrel amid the U.S.–Iran conflict, raising concerns about higher fuel costs for the airline.
Brent crude futures rose above $81 on Wednesday amid persisting conflicts in the Middle East, a slump in US crude output, and China's fresh economic stimulus.
Oil prices fell more than 2% on Wednesday amid headwinds caused by a stronger dollar, oversupply concerns, and China's soft GDP data.
Oil prices edged higher on Wednesday after production in Libya's largest oil field was halted due to protests.
Oil prices rebounded from their 4-month lows on Friday, but remain on track for a fourth straight week of losses.
In the short-run, energy stocks are outperforming the S&P 500.