Oil price rebounded and Buffett continued his bet.
The Oracle of Omaha is making an even bigger bet on a major oil company as crude prices continue to surge.
$Berkshire Hathaway-A(BRK.A.US$, the conglomerate and investing firm run by billionaire Warren Buffett, increased its ownership stake in $Occidental Petroleum(OXY.US$ to nearly 15% this week from 9% earlier this month.
$Berkshire Hathaway-A(BRK.A.US$, the conglomerate and investing firm run by billionaire Warren Buffett, increased its ownership stake in $Occidental Petroleum(OXY.US$ to nearly 15% this week from 9% earlier this month.
$Occidental Petroleum(OXY.US$ : nearly doubled year to date
$Berkshire Hathaway-A(BRK.A.US$ : up 15% year to date; traded at a record high
$S&P 500 Index(.SPX.US$ : down 7.4% year to date
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