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AMUB - Insights At A Glance: Examining Improved MLP Financial Footing Since 2014
ETRACS Alerian MLP Index ETN Series B due July 18 2042
Originally published on 04/03/20
Given the staggering 58.5% year-to-date drop in oil prices to $25.32 per barrel (bbl) as of yesterday, investors have begun to compare the current energy environment to the downturn from 2014 to 2016. For context, additional supply from OPEC drove WTI crude prices down 75.6% from $107.26/bbl on June 20, 2014, to a bottom of $26.21/bbl on February 11, 2016. Consequently, annual US oil production declined in 2016 for the first time in eight years. The Alerian MLP Infrastructure Index ((AMZI)) dropped 59.7% from the oil price peak to its trough,