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Will Crude Oil Prices Support Energy MLPs?

Will Crude Oil Prices Support Energy MLPs?

Before the steep fall in crude oil prices in 2014, energy MLPs were considered largely independent of crude oil prices. The midstream MLPs mainly transport and store crude oil, natural gas, and other products. Usually, they aren’t involved in selling or buying these commodities. However, the sustained low-price environment proved otherwise. Midstream MLPs were correlated to oil prices during this period.