Crude Oil Surges 3%; Delta Air Lines Posts Better-Than-Expected Earnings

1. Delta Air Lines reported Q4 operating revenue growth of 9.4% YoY. 2. Adjusted EPS for Delta was $1.85, beating expectations of $1.76. 3. Adjusted average fuel price dropped to $2.34 per gallon, down from $3.00. 4. Overall U.S. stock market trends lower as Nasdaq drops over 400 points. 5. Nonfarm payrolls rose sharply, boosting confidence in economic recovery.