A run to 299.04 on the MLP index co-incided with an early rally in oil and energy stocks which is now getting reversed. Oil is down 1.20 but the markets overall are strong and ten year rates are plummetting which is very supportive. Markwest Hydrocarbon (MWP) is up 2.33 at the 55 level as it continues to breakout above the 50 level. It has nearly doubled since October when it was near 28. Crosstex LP(XTEX) is finally up as well nearly 85 cents. Energy Transfer Equity (ETE)is up 33 cents on the Merrill buy recommendation. Natural Resource Partners(NRP) is up 90 cents on its very good earnings report.

The MLP index is now down a nickel led down by a fractional loss in Kinder Morgan (KMP) which is a heavyweight in the index. Williams Partners (WPZ) and Hiland LP (HLND) are the biggest losers today down about 50 cents apiece but nothing here is news driven.