Buffett’s Berkshire Might Have Bought More Occidental Stock After the Dip

A recent decline in Occidental Petroleum share price could have prompted Berkshire Hathaway to add to its large stake in the big energy company. Berkshire Hathaway (ticker: BRK.A, BRK.B) holds 188.4 million shares of Occidental Petroleum (OXY), a 20.2% stake. Berkshire has accumulated that interest this year, with its last purchases coming in early August.

Dow futures jump over 300 points on bets market is oversold after blue-chip gauge falls into bear market

US stock-index futures on Tuesday pointed to Wall Street bouncing off a 21-month low and snapping a five-day losing streak as recent volatility in global bond and currency markets subsided. How are stock-index futures trading Futures on the Dow Jones Industrial Average YM00, +1.22% climbed 321 points, or 1.1%, to 29,664. S&P 500 futures ES00, … Read more

Oil bounces off 8-month low as Hurricane Ian curbs Gulf production

Oil futures bounced off eight-month lows Tuesday, finding support as Hurricane Ian led to the shutdown of some platforms in the Gulf of Mexico and as a dollar rally takes a breather. Price action West Texas Intermediate crude for November delivery CL.1, +1.68% CL00, +1.68% CLX22, +1.68% rose $1.10, or 1.4%, to $77.81 a barrel. … Read more

Morgan Stanley says investors should consider this port in the market storm right now

The great British pound selloff, credited with exacerbating a global rout for markets last week, looks set to continue wreaking some havoc on Monday. Economic woes in Old Blighty are adding to the markets’ growing list of anxieties, driving more investors into the dollar and out of perceived riskier assets such as US stocks and … Read more

APA Corp. Scours the Globe for Oil and Gas. Its Stock Could Surge.

APA subsidiary Apache runs the Beryl Alpha drilling platform in the North Sea. Courtesy Apache Corporation Text size Investors could have picked just about any oil and gas stock in the past two years and made money, given the surge in commodity prices. To profit over the next year, they’ll have to look for distinctive … Read more

Stocks Are Sinking and Rates Are Rising. It’s Painful, But We’re Heading for Normal.

Stocks and bonds are tumbling. Housing has weakened. And I haven’t heard a word about nonfungible cartoon monkey tokens in maybe three months. Strategists are now turning to truly bizarre assets—two I spoke with this past week recommended purchasing long-term Treasurys. One also said to favor shares of companies that generate cash, and he wasn’t … Read more

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components … Read more

Occidental Petroleum Corp. stock rises Monday, still underperforms market

Shares of Occidental Petroleum Corp. OXY, +0.42% inched 0.42% higher to $64.68 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.69% rising 0.69% to 3,899.89 and the Dow Jones Industrial Average DJIA, +0.64% rising 0.64% to 31,019.68. The stock’s rise snapped a … Read more

Celanese Corp. stock rises Monday, outperforms market

Shares of Celanese Corp. CE, +1.36% advanced 1.36% to $103.82 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.69% rising 0.69% to 3,899.89 and the Dow Jones Industrial Average DJIA, +0.64% rising 0.64% to 31,019.68. The stock’s rise snapped a four-day losing … Read more

Private Oil Drillers Are Hitting Their Limits

Dozens of small drillers helped fuel a resurgence in the busiest US oil patch over the past two years. But they tapped many of their best drilling spots, and will have to ease their rapid pace of drilling as their inventory shrinks, analysts and executives say. Private oil companies in the Permian Basin of West … Read more