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MLPs Recover on Back of Strong Gains in Crude Oil Prices

Kurt Gallon
MLPs Recover on Back of Strong Gains in Crude Oil Prices

MLPs recovered last week after two weeks of sluggishness. The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, rose 2.0% during the week to end at 259.6. Out of the total 90 MLPs, 55 ended in the green, four remained unchanged, and the remaining 31 ended in the red. Among the top MLPs, Energy Transfer Partners (ETP), Williams Partners (WPZ), and Enterprise Products Partners (EPD) rose 5.5%, 2.7%, and 2.1%, respectively, while Plains All American Pipelines (PAA) fell 2.8%.