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Kinder-Morgan  on October 22, 2023


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ClearBridge Energy MLP Strategy Q3 2023 Portfolio Manager Commentary

Energy MLP stocks were a bright spot in a challenging third quarter for equity markets, with the Alerian MLP Index returning 9.89% as the S&P 500 Index (SP500, SPX) declined 3.27%. Supply cuts from OPEC+ combined with lower U.S. inventories pushed oil prices higher, fueling further inflation and interest rate concerns — a headwind for broad equities, but a positive for energy stocks.

seekingalpha.com     Oct 22, 2023