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Range Resources (RRC) Stock Falling as Oil Prices Decline

NEW YORK (TheStreet) -- Shares of Range Resources (RRC - Get Report) are down by 3.61% to $24.82 on Monday afternoon, as the drop in the price of oil weighs on some energy and related stocks today.

Crude oil (WTI) is retreating by 5.28% to $31.41 per barrel this afternoon and Brent crude is slipping by 6.17% to $31.46 per barrel, according to the CNBC.com index.

The commodity is trading in the red today, reaching 12 year lows, as the decline in China's stock market threatens to drive oil prices per barrel down to the $20s, Reuters reports.

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Range Resources is a Fort Worth, TX-based independent natural gas, natural gas liquids and oil company.

On Monday, China's blue-chip stocks fell by 5% and overnight interest rates for the yuan outside of China jumped to almost 40%, their highest since the offshore market was launched, Reuters added.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the...


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