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Chesapeake Energy (CHK) Stock Falls With Oil Prices

NEW YORK (TheStreet) -- Shares of Chesapeake Energy Corp. (CHK - Get Report) are down by 3.6% to $8.30 in mid-morning trading on Friday, as falling crude prices put negative pressure on the oil sector.

Crude prices are falling after the the Federal Reserve made comments yesterday suggesting that the global economy was not yet healthy enough to raise interest rates.

The oil market had mixed reactions to the decision, according to CNBC, as demand concerns due to a not-yet healthy global economy put negative pressure on the market.

However, a weaker dollar means that buying crude, which is traded in dollars, remains cheap and therefore a potentially attractive investment.

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Industry standard Brent crude for November delivery is down 1.77% to $48.21 per barrel while West Texas crude for October delivery is down 3.41% to $45.30 per barrel.

Separately, TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: