There may be some relief in sight for airlines as crude oil and jet fuel prices, although historically high, continue a gradual fall, data from the U.S. Energy Information Administration show. According to EIA, crude oil inventories are rising, which will put downward pressure on prices, with the U.S. now holding 25.4 days of supply of crude oil inventory, compared with 23.5 days of supply in early March. Meanwhile, U.S. oil production has risen to more than 6 million barrels per day, ...
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