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Midstream gains kept rolling for a sixth straight week, again riding a strong broad equity market higher, and defying weakness in upstream energy stocks ([[XOP]] -3.6%). The inclusion of $50bn of energy purchases by China over several years as part of the Phase One trade agreement signed this week was notable and a positive for export-oriented midstream stocks.
Oil prices drifted lower this week, and Wednesday's inventory report of a large refined products build wasn't helpful. Cold weather returned to the East Coast this week, but natural gas prices were hammered to their lowest point