As the natural gas Oct. 22 futures retreated from record highs of $9.98 per cubic foot to $8.27 per cubic foot, the SPDR Energy Select Sector Fund (NYSE:XLE) fell by .80%.
Unfortunately, the U.S. and other major oil players such as OPEC have mentioned there are not enough energy supplies for the global economy. Goldman Sachs Head of Energy Research Damien Courvalin now expects a price target of $130 per barrel of Brent crude oil by the end of the year.
