After a few flattish weeks, midstream grinded higher this week, finishing up 1.2%. Midstream lagged oil prices, energy stocks and the S&P 500. The U.S. 10-year treasury rate bounced back up to 2.50%, and utilities underperformed.
This week's gains across the board pushed the S&P 500 to its highest point since October, WTI oil price to its highest point since November, the Alerian MLP Total Return Index to its highest point since October, and the Alerian Midstream Energy Total Return Index to its highest point since early August. Things generally feel pretty good, which as