Grains and beans futures also closed lower.In agricultural contracts, December wheat fell 4 cents to finish at $8.645 per bushel, December corn fell 11.5 cents to $7.3950 per bushel and January soybeans lost 33.25 cents at $15.2675 per bushel.
The Oracle of Omaha has been loading up on shares of this oil refiner, but the stock has been plateauing. What does he see that other investors don't?
Phillips 66 continues to weather the oil price storm, making it a safe haven for energy investors who are gnashing their teeth.
Berkshire Hathaway (BRK.A, BRK.B) has raised its stake in Phillips 66 (PSX) to 15.4%.