Berkshire Hathaway (BRK-B, BRK-A) has boosted its stake in Occidental Petroleum (OXY) again. The conglomerate now has a 29% stake in the oil giant. Yahoo Finance's Ines Ferré reports on the latest Berkshire purchase. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Warren Buffett is once more buying up shares of Occidental Petroleum with oil prices advancing above $80 per barrel for the first time since April.
Berkshire Hathaway CEO Warren Buffett appears to be taking advantage of the weakness in energy stocks to boost his holding.