Broader benchmarks closed slightly in the red Wednesday, Oct. 17, after the Federal Reserve showed willingness to raise interest rates. Energy indexes also suffered marginal losses.
The Dow Jones Industrial Average shed 0.36% to close at 25,706.68, and the S&P 500 was down 0.03% to 2,809.21.
In the midstream sector, Enbridge Inc. shares slipped 2.94% to wrap an active session at $32.41. The company said the dust that settled around the site of a natural gas transmission pipeline rupture in British Columbia does not pose any health risks.
MPLX LP and Crimson Midstream LLC launched a binding open season to gather crude oil transportation service commitments for the Swordfish pipeline, which is being jointly developed by the two entities. MPLX units retreated 2.08% to $34.79 on average volume.
Phillips 66 Partners LP's stock was down 1.81% at $51.40 on above-average trading after it increased its cash distribution for the third quarter to 79.2 cents per unit, up 4 cents, or 5.3%, from the previous quarter.
The mood overall in the oil and gas sector was down. Among the top losers were NGL Energy Partners LP, Newfield Exploration Co. and TC PipeLines LP. NGL Energy shares slid 4.26% to $11.70 on an average day, Newfield Exploration gave away 3.16% to $24.54 on high volume, and TC Pipelines stock shrank 3.06% to $29.42.
The S&P 500 Energy Index decreased 0.70% to 537.01, and the Alerian MLP Index declined 1.27% to 272.68.
Among electric and diversified utilities, Vistra Energy Corp. declined 2.50% to $23.39 on above-average volume, AES Corp. shares trimmed 1.82% to finish a slow session at $15.08, TerraForm Power Inc. stock price bumped off 1.31% to $11.31 at the close of a light session, Canadian Solar Inc. units backed off 1.25% to $14.97 on slim volume, and Exelon Corp. shares shed 1.08% to wrap an average outing at $42.99.
The S&P 500 Utilities inched down 0.15% to 272.47.
Market prices and index values are current as of the time of publication and are subject to change.