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Midstream rode higher commodity prices and a record-setting broad equity market to another positive week. The steady grind higher for midstream continues. This was the 6th straight positive week for the MLP Index, which is up 5.7% over those six weeks (WTI oil price is up 13.1% over that same time).
Positive streaks of more than six weeks for the AMZ are rare: this is just the 14th such streak in the last 20 years and the second in the last five years. The last such streak was in August of last year. AMZ traded