Occidental rose 4.1 per cent to $58.48 in Monday morning trading, after Berkshire disclosed its stake in a Friday night filing with the U.S. Securities and Exchange Commission.
Oil prices have surged higher following Russia’s invasion of Ukraine last month, prompting fears of supply shortages.Berkshire did not immediately respond on Monday to a request for comment. It also invested $350.7-billion in equities such as Apple, Bank of America, American Express and Coca-Cola.
America needs price controls to keep Big Oil from price gouging the American People !
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