After a nearly 3 point drop the MLP index is down just 50 cents right now and while most MLPS are lower they are well off their lows and we actually have a few winners. Boardwalk Partners (BWP) ,Energy Transfer Partners (ETP), Plains All American (PAA), Valero LP (VLI) and a few others are up nice fractions.

Big loser earlier included Calumet Products (CLMT) which was down over 3...Markwest (MWP) was down nearly 5 points...both have come off the lows as have some of the other losers.

The index is now down just .33 as oil and commodities rally after being down sharply earlier today. Should make for an interesting afternoon.