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Airlines rally as stronger dollar pressures oil

By Christopher Hinton, MarketWatch

Last Update: 10:09 AM ET Apr 29, 2008

NEW YORK (MarketWatch) — Airline stocks got a much-needed boost on Tuesday as a
stronger dollar was putting pressure on oil prices.

The Amex Airline Index (XX:$XAL) rose 1.8% to 22.18 points. All but one of its 14
components traded to the upside in the early going.

In energy futures, crude oil for June delivery dropped $1.95 to $116.80 a barrel
on the New York Mercantile Exchange.

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Technorati Tags: Airline Index, Airline Stocks, Airlines, Amex, Christopher Hinton, Crude Oil, Dollar, Energy Futures, Marketwatch, New York Mercantile, New York Mercantile Exchange, Oil Prices, Rally, Xal, York Mercantile Exchange