Brent crude futures for June gained for a fifth day in London – Chesapeake Energy Corporation (NYSE:CHK)

During the most recent trading day, the stock’s price shifted up + 75.14 percent from its 52-week-low while – 24.39 percent lower from its 52-week high.

Chesapeake Energy Corporation generated a return on investment of – 56.90 % in past 12 months and return on equity of 160.80 % for similar period.

The share price of Chesapeake Energy Corporation (NYSE:CHK) inclined 64.89 percent for the year. YTD, the current share price of the stock is below – 11.68 percent.  According to RT, the price of crude oil continued to rise on Monday, heading for its longest run of gains this year. Market support comes from strong demand and heightened tension over the conflict in Syria.

Brent crude futures for June gained for a fifth day in London, up 0.74 percent, at $55.65 per barrel at 10:53am GMT.

US West Texas Intermediate (WTI) crude futures were up 0.63 percent, at $52.57 a barrel.

Prices advanced more than three percent last week, following a US military strike on Syria.

Analysts also say the run-up in US output kept markets from breaking last week’s one-month highs of over $56 per barrel.

Statistics showed oil companies in the US increased the rig count to 672; the highest since August 2015.

According to Goldman Sachs, year-on-year US oil production “would rise by 215,000 barrels per day in 2017” once a backlog of production waiting to be brought back online is taken into account. Source: RT

Shares of Chesapeake Energy Corporation (NYSE:CHK) declined -1.27% to $6.20 on Friday. The share price is trading in a range of 6.16 – 6.32 (Price in Dollars). The stock exchanged hands with 33,031,729 shares contrast to its average daily volume of 38,882,014 shares.

 

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