Freeport-McMoRan and Chesapeake Energy Jump on Oil Rebound

Chesapeake Energy (CHK) - Get Report and Freeport-McMoRan (FCX) - Get Report are both members of Real Money's Stressed Out watch list and each have been showing signs of recovery after a difficult 2015 in recent months. Shares of Chesapeake climbed more than 6% before the opening bell Monday, as an increase in crude oil prices helped buoy the Oklahoma City-based oil and gas giant. Crude climbed more than 2% in morning trading to just over $49 a barrel, based on U.S. benchmark West Texas Intermediate. Meanwhile, Freeport-McMoRan traded up about 4% in morning trading, as the Phoenix-based miner, which also has substantial oil and gas operations, was lifted by rebounding oil prices.

This article was written by a staff member of TheStreet.