Morgan Stanley agreed to sell its oil-storage business to NGL Energy Partners for $200 million, marking the latest step in Wall Street's retreat from the commodities business.

NGL Energy, which transports and markets crude oil and natural-gas liquids, will buy Morgan Stanley's ownership interests in its TransMontaigne unit, as well as related inventory. Tulsa, Okla.-based NGL Energy also will assume Morgan Stanley's obligations under certain terminal storage contracts, the Wall Street firm said Monday.

Sale of TransMontaigne marks the latest step in Wall Street's retreat from the commodities business

Justin Baer, The Wall Street Journal 

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