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With the market taking a very well-publicized breather this week, midstream followed the market and oil prices lower. MLPs were down each day this week and finished down 4.7%. Broader midstream (AMNA) held up slightly better. It was a week to forget ahead of a short week where at least we can take comfort knowing MLPs can't drop 5 days if there are only 4 trading days.
Utilities were positive, infrastructure was nearly flat, showing signs of the defensive attributes investors have come to expect from them. Midstream, on the other hand, continues to take