Warren Buffett bets on oil! Berkshire Hathaway joins oil-buying frenzy this week with Occidental Petroleum buys

Warren Buffett'S Berkshire Hathaway has invested over $246 million to increase its stake in Occidental Petroleum. With this latest purchase, Berkshire now controls nearly 26% of the Houston-based oil producer. Buffett's confidence in the oil sector is evident.

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