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Chesapeake Energy (CHK) Stock Down on Oil Price Slide

NEW YORK (TheStreet) -- Shares of Chesapeake Energy (CHK) are falling 0.48% to $5.16 this afternoon as oil prices decline.

Crude oil (WTI) is down 1.43% to $41.27 per barrel and Brent crude is down 1.38% to $42.87 per barrel.

Oil prices are falling to three-month lows today on rising concern over a global fuel glut. Genscape reported a 328,000-barrel build at the Cushing, OK delivery hub for U.S. crude futures, CNBC reports.

Goldman Sachs said it expects oil to be in the $40 to $45 range through mid-2017.

The markets may be...