http://www.indexmundi.com/commoditie...rude-oil-brent
Mod, I take your point about the potential for margin disconnect between Jet and Brent, here's a look at the two on a FOB basis in the U.S.
Over time I'd suggest the margin normalises and thankfully U.S. shale oil is ideal for refining to heavy distillate fuels such at Jet and diesel.
The market does seem to be infatuated with keeping AIR in and around its long term PE average of 10 and yet many other carriers with arguably inferior management are trading on PE's vastly north of there, go figure ? There's also the fact that PE's generally have expanded a bit with ultra low interest rates but AIR's hasn't.