Weakness In Oil To Have A Negative Impact On The Broader Markets
With not much on the data calendar, stocks are expected to start today’s session modestly in the red on continued weakness in the broader global commodity complex, particularly in the energy space. Oil has pared earlier losses ahead of today’s session, but the commodity’s overall tone remains distressed. This is putting a spotlight on the sector’s financial wherewithal, particularly their ability to continue servicing debt and pay dividends as confirmed by this morning’s Kinder Morgan ( KMI ) announcement of a 75% dividend cut […]