Shares of Chesapeake Energy Corp. CHK, +0.21% swung to a loss of 0.8% in morning trade Monday, erasing a premarket gain of as much as 3.8%, to put them on track for an 8th-straight loss. Helping weigh on the shares, crude oil futures CLH9, -2.16% slumped 2.1%, amid concerns over rising U.S. production and a stronger dollar. An 8th-straight loss for Chesapeake’s stock would be the longest losing streak since since the 11-session streak that ended on Oct. 14, 2014. The stock has tumbled 18% during its losing streak, while the SPDR Energy Select Sector ETF XLE, -0.14% has lost 1.3% and the S&P 500 SPX, +0.12% has gained 1.25 over the same time.
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