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Midstream stocks traded okay overall this week, but underperformed utilities and the S&P 500, which closed at a fresh all-time high after better-than-expected U.S. GDP data. The MLP Index ((AMZ)) underperformed the Midstream indexes (AMNA and AMUS), extending midstream's lead over last 12 months and YTD.
Oil prices were stable and positive until Friday when Trump rhetoric again seemed to impact sentiment, even if the tweets about how he "called OPEC" were refuted by the primary OPEC leadership. The upstream side of the energy sector was again the primary focus this week, with a topping