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Warren Buffett believes oil prices have peaked -- report

August 19, 2005

Billionaire investor Warren Buffett believes crude oil prices have peaked and he is considering selling his two billion shares in PetroChina, China's biggest oil company, a report said Friday.

"There is talk that he is considering selling his stake because of his view that crude oil prices may have already peaked, and that PetroChina's shares might continue to come under pressure in the coming days and weeks," a market source told XFN-Asia.

http://money.inq7.net/breakingnews/view_breakingnews.php?yyyy=2005&mon=08&dd=19&file=24

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