On Wednesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -1.21% to $13.06, despite oil futures settled higher on Wednesday, with the U.S. benchmark at a high for the year, after a government report showed that crude supplies fell a sixth straight week.
But prices ended off the session’s best level as data showed U.S. oil production edged higher.
Crude’s advance also came as the Organization of the Petroleum Exporting Countries said it sees no further rise in demand for its oil this year, but it anticipates the current oversupply to ease. Traders also considered the impact of Islamic State’s assaults on Libya’s largest oil terminal, according to MarketWatch.
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States. It holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas.
Shares of Altria Group Inc. (NYSE:MO), inclined 1.36% to $48.70, during its last trading session.
Altria Group, will host a webcast of its Investor Day in New York, N.Y. on Tuesday, June 23, 2015. The presentation will start at about 9:00 a.m. Eastern Time and end at about 12:00 p.m. Eastern Time.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
Finally, The Charles Schwab Corporation (NYSE:SCHW), ended its last trade with 1.24% gain, and closed at $33.43, after Goldman Sachs upgraded the discount broker on the belief that the earnings outlook is underappreciated given the potential for deposit growth in an environment of rising interest rate.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
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