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Commodities Today: Big News From Oil Companies And MLPs

Energy equities are higher on the session as oil makes a run at taking out $50/barrel. The snapback we have seen over the last two sessions has created a situation where shorts are having to cover certain positions and we are seeing some big moves in certain leveraged names. Even equities which are announcing bad news are seeing a forgiving market, although it could be argued that investors had been expecting worse than was…