Its one of those days where the AMZ MLP index is being weighed down by the big caps like Oneok LP, Energy Transfer Partners, Natural Resource Partners and a few others which are down solid fractions. The index was down nearly 1 but not has rallied back to being down about 30 cents. Most MLPS are actually higher today. News that the BP Pipeline shutdown will continue until perhaps mid 2008 caused shippers and anyone involved in shipping or moving energy products to turn higher. General Marine (GMR) and Martin Midstream Partners (MMLP) are both up major fractions after being flat to down earlier. XOI now up 22 points.

Not much else happening as we reacting to what the rest of energy is doing. 10 year rates higher today but off the highs.