Boeing is trading lower today because of the plunge in oil price, due to the coronavirus pandemic. It is of importance to note that high oil prices are
Boeing today is trading at $143.61, it went down with $10.39 from $154
Boeing is trading lower today because of the plunge in oil price, due to the coronavirus pandemic. It is of importance to note that high oil prices are an oft-used selling point for more fuel-efficient airplanes for instance Boeing airlines as opposed to sale trends for larger personal vehicles like SUVs. Boeing 737 Max and Airbus A320neo are manufacturers best selling narrow-body planes that were developed after the Great Recession when fuel prices were again rising and airlines were on the hunt for models that would help them cut fuel cost. So today because of the oil glut and price crash Boeing is trading lower.