Big oil is trying to bottom in here. The XOI has been all over the place trading as low as 1021 and then rallying back to a 5 point gain...now down 1 point. More swings ahead. Crude went to 57 and change and has come back to plus 2 cents as of this posting. MLPS are lower, the index was down 1.15 but now down .85. MLPS are usually the last to turn as they buy the big boys first. If it is indeed the bottom here look for a last hour rally.

Crosstex LP (XTEX)is up all of a dime right now on the Key Banc/McDonald buy recommendation. Crosstex(XTXI) is down 75 cents on the hold recommendation. Otherwise Markwest Energy (MWE) is the biggest loser today down 90 cents. No news drivers of the corporate variety