Warren Buffett: The Occidental bid is a bet on oil in the long term  Yahoo FinanceCNBC's Becky Quick sat down with Warren Buffett to discuss Berkshire Hathaway's move to step in the middle of a competitive takeover battle, helping ... Read more h …

UPDATE 1-Fire at oil pipeline in southwest Iran under control- Tasnim  Reuters Africa(Adds SHANA on fatalities). GENEVA, May 6 (Reuters) - A fire broke out at an oil pipeline in southwest Iran after an accident on Monday and is under control, the …