Buffett finds value in oil wreckage

Warren Buffett is finding something to buy amid the oil market wreckage.

In the days before crude fell below $30 for the first time in 12 years, Buffett’s Berkshire Hathaway was picking some shares of oil giantPhillips 66 as that stock hit three-month lows.

In three days of purchases just revealed in an SEC filing, Berkshire bought almost 2.5 million shares of the company at an average price of $77.22.