Chesapeake Energy Corporation (NYSE:CHK) – Oil prices were steady on Tuesday

Shares of Energy sector stock Chesapeake Energy Corporation (NYSE:CHK) surged +1.20 percent and closed at $6.77, during the current trading session. The share price of CHK is currently trading within the range of $6.67 to $6.79. The company has a market capitalization of $5.99 billion, whereas its total outstanding shares are 887.39 million. Company’s beta value stands at 2.11 points. CHK’s current trading volume is 47,780.00 shares, while its average volume is 45.84 million shares. US stocks looked set to open little changed on Tuesday as investors assessed quarterly earnings, while seeking clarity on President Donald Trump’s economic policies.

U.S stocks dipped on Monday after Trump warned of border taxes and signed orders to withdraw the United States from the Trans-Pacific trade deal. He has also vowed to renegotiate the North American Free Trade Agreement (NAFTA).

Dow e-minis were down 3 points, or 0.02 percent at 8:20 a.m. ET (1320 GMT), with 19,539 contracts changing hands.

S&P 500 e-minis were down 0.25 points, or 0.01 percent, with 87,731 contracts traded.

Nasdaq 100 e-minis were up 4.5 points, or 0.09 percent, on volume of 16,726 contracts.

According to Reuters Oil prices were steady on Tuesday as news of lower production by OPEC and other key exporters was balanced by reports of more drilling and higher output in the United States.

Benchmark Brent crude LCOc1 was down 5 cents at $55.18 a barrel by 1150 GMT, while U.S. light crude CLc1 rose 5 cents to $52.80.

Ministers from the Organization of the Petroleum Exporting Countries and big producers outside the group said on Sunday that of the almost 1.8 million barrels per day (bpd) they had agreed to remove from the market starting on Jan. 1, 1.5 million bpd had already been cut.

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