Oil is 'hanging by a thread' and the bottoming process could be in jeopardy if inventories come in too high this week, says TheStreet's Jim Cramer. He added that everybody who 'loved it at $50 now hates it at $40 a barrel.' Furthermore, Cramer said the dividend cut by Williams Companies (WMB) was 'not a surprise because they did telegraph it.' The company posted adjusted earnings of $0.19 a share, below analysts' estimates of $0.22 a share. Williams also reduced its quarterly dividend to $0.20 a share for the third quarter, down from $0.64 a share previously.
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