Airlines renew call for rules on oil speculators

U.S. airlines, fed up with volatility in oil prices, are renewing pressure on the government to curb market speculation.

Oil prices, up 115 percent from a January low, directly influence jet fuel prices. Surging oil prices can be catastrophic for an industry that seems always on the brink of financial meltdown.

The stakes are especially high for airlines with the economy mired in a deep recession and travel demand off sharply
Reuters