On May 7th 2008, it was reported oil inventories rose 5.7 million barrels last week and supplies of oil have now climbed a total of 11.9 million barrels over the past three weeks. However, oil continues to go up for reasons such as supply disruptions in Nigeria that only affect a few thousand barrels.
Due to the nonsense that is going on in the oil market, it is recommended to sell American Airlines for now, and watch what happens with the Oil Prices.