Surprise! Energy Prices Fall - But Energy SPDR Rises (ETF: XLE)

Mar.23.06 | About: Energy Select (XLE)

Energy prices fell, surprising all analysts who also missed on energy supply estimates by a large margin. First, supplies fell substantially when they had been predicted to rise by an even greater amount. Then prices fell confusing all participants who couldn’t offer any explanations. Here's how the Energy SPDR reacted: