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Monday, September 22, 2008

We have some wierd things going on (a shock i know) but October crude was up as much as 25 dollars to 130 on a settlement short squeeze. Apparently there was huge demand for actual delivery of oil and they wanted product settlement and not to simply roll up to November. The November contract is at 108 and gasoline and heating oil are up but not by much. So this is technical and settlement related.

MLPS firm with the index up nearly 1 point. The Dow is down about 200 points as the dollar gets smashed. Considering the huge gains in MLPS since Thursday lunchtime...we're holding up pretty well in my view. Hiland Partners is up nearly 3 points and remains the biggest winner today.

Constellation Partners (CEP) has turned higher after a little pull back this morning.

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