Good Monday Morning after Labor Day...as things get back to normal lets look at a few things going on over the last 24 hours.

The Crude oil and nat gas charts below tell the story as they dropped yesterday in European trading and everything is sort of catching up today. News of the potential big oil and gas find in the Gulf of Mexico is pressuring prices. No hurricanes or tropical storms in the oil and gas region and a lot of supply and we're seeing new 10 week lows.





Meanwhile a few developments in MLP land this morning as Global Partners (GLP) has completed its aquisition of a terminal that will add to cash flow...and Inergy (NRGY) which has been busy lately buying up properties just bought another one.

In the land of upgrades and downgrades...Valero LP was downgraded to hold from buy at Sanders Morris and that is costing the stock 60 cents this morning. Not much else is happening. The AMZ MLP index is up 20 cents so far. 10 year yields are rising a couple of basis points but nothing overally tragic.