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Chesapeake Energy (CHK) Stock Gains on Higher Oil Prices

NEW YORK (TheStreet) -- Chesapeake Energy Corp. (CHK - Get Report) stock is increasing by 1.86% to $9.32 in afternoon trading on Thursday, as oil prices climbed on improving Chinese equity markets.

WTI is up 3.41% to $49.44 per barrel, while Brent crude is gaining 3.45% to $53.10 per barrel this afternoon, according to the index.

"Sentiment regarding China appears to have shifted of late and we feel that further stability in the Chinese stock market will limit downside price follow-through across the energy complex," Ritterbusch & Associates President Jim Ritterbusch told Reuters.

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Additionally, Russia's air strikes in Syria could "impact the flow of oil from the region," Energy Management Institute analysts Dominick Chirichella said to Reuters.

Oklahoma City, OK-based Chesapeake Energy is an oil, natural gas and natural gas liquids company operating in the U.S.

Separately, TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Sell with a ratings...