Berkshire Hathaway has rapidly increased its stake in Occidental Petroleum to 17.4% in recent trading sessions and seems headed toward a 20% interest that would allow Berkshire to reflect a proportional share of the big energy company’s earnings in its profits.
There is speculation that Berkshire Hathaway is buying more Occidental Petroleum stock Tuesday amid a sharp pullback in energy stocks keyed off a large decline in the price of ...

Crude oil prices fell by nearly 7% on Tuesday as fears of a recession mount—a scenario that could put a dent in oil demand.
The price of WTI crude oil slipped $9.01 per barrel by 12:37 pm ET below $100 per barrel to $99.42 (-8.31%), while Brent crude sank $10.41 per barrel to $103.10 (-9.17%).
Also on Tuesday, a Citi report suggested that oil prices could fall to as low as $65 per barrel by the end of this year and as low as $45 by the end of next year i...