Crude oi (WTI) was up 0.21% to $46.87 per barrel while Brent crude was increasing 0.41% to $49.25 per barrel this afternoon.
Oil prices were gaining on rising speculation of an upcoming output freeze.
OPEC members will meet next month in Algeria during the International Energy Forum, and analysts expect representatives will renew talks of bolstering oil prices, Reuters reports.
However, Jefferies wrote in a recent note that it does not suspect a freeze, "let alone a production cut," from the upcoming meeting, according to Reuters.
Additionally, a weaker dollar Thursday has boosted oil prices.
Chesapeake Energy, based in Oklahoma City, is a producer of oil, natural gas and natural gas liquids.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of E+.
The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: CHK