Oil Producers In Pain But Airlines Gain As Oil Prices Hit A 4-Year Low

A Thanksgiving announcement from OPEC that it will not change its oil output target has produced two very divergent trends in early Black Friday trading: airline stocks are taking flight while oil producer names take cover as WTI crude and Brent crude prices hit multi-year lows. Shares of United Airlines, Delta Airlines and American Airlines are each up 5% or more, while Exxon Mobil and Chevron are down more than 3% in early Friday action.