Fed Chairman Calms Energy Market, Endeavor Energy (ENEC) Looks to Make Gains
The Federal Reserve Chairman's statement on August 7th allayed fears in the market that saw a sell off in commodity stocks such as oil. By the end of the market day the bulls had returned and oil prices edged closer to $73. Natural Gas prices continued to rise and closed at $6.325 per million btu(s). The hurricane season still continues to weigh heavily on the minds on investors as the peak of the season is rapidly approaching (peak is usually in mid-August through September). Geopolitical fears are always present within the marketplace and the perfect storm of events could set…