Modest Losses Expected in Early Trade

This is hardly what I’d call reason to worry. Futures are mildly lower, off by 9. WTI is merely giving back some of its recent gains, off by 4.5%. And, European markets are off a trifle, -0.3%.

My XLE is down where I expected it to be.  Some of the smaller capped oils are enduring some truly harrowing declines this morning. Other than that, I’d consider this open to be genteel.