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Why Units of MLPX Tumbled 16% in 2019


Units of MPLX (NYSE: MPLX) plunged 16% in 2019, according to data provided by S&P Global Market Intelligence. The slump in the energy company's value stood out like a sore thumb given that the S&P 500 and the U.S. oil benchmark, WTI, rallied 29% and 34%, respectively, last year. 

Here's a look at why MPLX performed so poorly in what was an excellent year for most investors. 

Image source: Getty Images.

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Source Fool.com

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