Midstream was positive for a second straight week. U.S. corporations traded better than MLPs and Canada this week. Interest rates falling seemed to help utilities and big midstream corporations, there really wasn’t much else going on, outside of lots of lamenting across the markets about the awful 1st half of the year.
Oil prices finished slightly higher this week, rallying Friday to salvage the week. Natural gas got slammed again after a weak inventory report and reports of unsafe conditions at Freeport LNG prior to the fire that took the plant offline (Reuters), although Freeport still believes the facility will be back online by year end.