Image source: Chesapeake Energy.
Friday brought a bad close to the week for the stock market. Major market benchmarks all lost ground, with the Dow closing the day down 120 points, and the S&P and Nasdaq posting declines of around 1% to 1.25%. General uncertainty about the future direction of a number of financial markets was partly to blame for the downturn, but the energy sector once again received a substantial amount of attention.