AI
Sunday, December 10, 2006 6:56:41 PM
XLE (174.90%) outperformed $WTIC (110%) since Oct 2002. I wonder what make the oil companies to make huge profits that we have seen. The price of gas is higher than their other cost; so, they are making the profits. That tells us that the gas price was too high.
Also, it is interesting that the OIL price action and the XLE's is usually in sync, however it was trading opposite direction during the last few months. Think that the price of OIL was down during the last few months because of election, but not XLE, this is just one possibility.
Also, it is interesting that the OIL price action and the XLE's is usually in sync, however it was trading opposite direction during the last few months. Think that the price of OIL was down during the last few months because of election, but not XLE, this is just one possibility.
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