On the back of the best week for oil prices in recorded history, midstream traded up and outperformed the S&P 500 and utilities. MLPs ((AMZ)) outperformed broader midstream ((AMNA)) this week after trailing last week and last month and last year.
Oil prices spiked on enthusiasm over a tweet from President Trump about some alleged phone calls and negotiations he was engaging with to support prices for the U.S. energy sector. Executives from many large energy companies, including [[ET]], were on hand for a meeting with the President Friday.
After the market closed Friday, President