Summary
INVESTORS fastened their seat belts as airline stocks took off after crude oil dropped below $70 a barrel for the first time since April and dealers surmised that September's flotation of Irish state airline Aer Lingus would give the sector a lift.
Crude for October delivery fell 85 cents at $69.76 a barrel as tropical storm Ernesto veered away from the oil rich fields in the Gulf of Mexico that were shut down by Hurricane Katrina a year ago.See the full content of this document
Extract
Airlines Soar On Oil Price Cut
Some 95pc of offshore output in the region was then closed down, pushing the price of oil to a record $78.65 a barrel.
Crude oil has jumped 14pc this year, partly on concern that supplies from Ira...See the full content of this document
Sponsored links
