KEYUF - Big League Move For Energy Midstream Follows
Midstream had a solid week, pulled higher by rallies in energy stocks and oil prices. Tuesday was the best day for MLPs all year (+3%) and Wednesday saw follow through, but the other 3 days were negative. Midstream performance was torn between improving sentiment for energy stocks and negative price action among income-oriented stocks like utilities and REITs, which under-performed on higher interest rates.
[[XLE]] had its best week since December 2016 (+6.0%) on the back of oil price gains that sent oil to its highest price in 3.5 years. Sentiment in energy has improved