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Oil Prices Fell, Dragged Top Midstream Companies Last Week

Oil Prices Fell, Dragged Top Midstream Companies Last Week

Crude oil prices fell more than 10% in the week ending November 23. The top midstream companies followed, even though the fall was less compared to the fall in oil prices. The Alerian MLP Index fell 3.3% for the week. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 4.9%.