CRUDE UP, DOLLAR DOWN

That sums it up really. The energy complex is higher even with the Saudi's saying they are going to boost production. What is the spin? Doubts they will be able to do it. So crude moves higher. Nat gas is strong this morning up 23 cents. We in MLP land continue to just get our tail wagged in one direction or the other as we straddle that 290 area. The dollar rally has stalled out this morning and that is really where the key to all this lies in my view.

News item this morning as Linn Energy is selling some senior notes in a private placement to continue reducing its debt. Also this morning Boardwalk Partners (BWP) has a 10 year commitment on its new pipeline. The company just completed a large 10 million share stock offering.

No other headlines and no upgrades or downgrades. Stock futures are a little weaker this morning. Crude has now popped up nearly 3 dollars and is approaching 138 a barrel. Could we spike over 140 today?