MMP - Midstream Survives The Purge
Midstream and MLPs finished the week negative overall, but rallied Friday on a negative day for oil prices to nearly salvage the week, which was encouraging in light of largely negative news across the sector this week. Oil prices finished the week down 2.6% overall, despite a strong inventory report that supported prices mid-week. The AMNA index outperformed the MLP Index and finished in line with utilities for the week, helped by strength in Canada (again).
Midstream stocks held up well this week despite negative news flow and strong recent performance. This is bullish. It's