AMZ Ended Flat in a Volatile Week
The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, ended last week flat at 239.8. MLPs had a strong start last week following a sharp correction in previous weeks. However, the gains were offset by another major sell-off on April 6 amid a decline in crude oil prices and a rise in US-China trade war tensions. The trade war intensified after China proposed additional tariffs on 106 items imported from the US including liquid propane and some petrochemicals.