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• Market Outlook
  🔔Before the opening bell: US stock futures...
  🔔Before the opening bell: US stock futures rise early Friday, after the Dow Jones Industrial Average finished its best month in more than a year.
  
  Inflation continues to cool. The Fed’s preferred inflation measure increased 3% in October, down from 3.4% in September and getting closer to the central bank’s much-ballyhooed target of 2%. A drop in gas prices—down 4.9% from the previous month—was a major factor. Increases in core prices, which strip out food and energy costs, also slowed last month. In the last six months, core inflation has grown at a 2.5% annual rate—down significantly from 5.1% last year. The news means the Fed will likely keep interest rates unchanged at its final 2023 meeting on Dec. 12 and 13.
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• ☕️What Else is Brewing Friday Morning
  Historybook: First moving assembly line introduced by Ford Motor Company (1913); Rosa...
  Historybook: First moving assembly line introduced by Ford Motor Company (1913); Rosa Parks arrested in Alabama for refusing to give up her bus seat (1955); Author and activist James Baldwin dies (1987); World AIDS Day commemorated for first time (1988).
  
  Israel said it resumed its combat operations in Gaza after its cease-fire with Hamas ended. Qatar said negotiations for another truce are continuing.
  
  The first wireless charging public roadway for electric vehicles was installed in Detroit.
  
  Meta will reportedly launch its X competitor, Threads, in Europe this month.
  
  McDonald’s is overhauling the Big Mac with more special sauce, fresher lettuce and pickles, and a brioche bun, among other changes.
  
  Microsoft secured a nonvoting board seat at OpenAI, seemingly answering questions about its commitment to the startup following the surprise fire and rehire of CEO Sam Altman.
  
  The Oscars will start earlier than ever next year (7pm ET) in an effort to reel in more viewers, the Academy of Motion Pictures Arts and Sciences announced.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for January delivery...
  Benchmark U.S. crude oil for January delivery fell $1.90 to $75.96 per barrel Thursday. Brent crude for January delivery fell 27 cents to $82.83 per barrel.
  
  Wholesale gasoline for December delivery fell 8 cents to $2.20 a gallon. December heating oil fell 6 cents to $2.83 a gallon. January natural gas was unchanged at $2.80 per 1,000 cubic feet.
  
  
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• Dow rallies 500 points to cap off best month since October 2022
  U.S. stocks finished mostly higher Thursday as the Dow capped off its...
  U.S. stocks finished mostly higher Thursday as the Dow capped off its biggest monthly gain since October 2022. Among the major three indexes, only the Nasdaq Composite finished lower on Thursday. The S&P 500 and the Nasdaq still managed to log their best monthly percentage-point gain since July 2022. On Thursday, the Dow DJIA gained 519.91 points, rising 1.5% to finish at 35,950.33, its biggest daily point gain since Nov. 2. The S&P 500 SPX gained 17.12 points, or 0.4%, to close at 4,567.69. The Nasdaq COMP shed 32.27 points, or 0.2%, to finish November at 14,226.22. U.S. stocks enjoyed a broad rally this month, with 10 of the 11 S&P 500 sectors finishing higher. Only energy stocks finished November with a loss, dragged down by lower crude oil prices.
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• Firms seek new shale frontiers amid Tier 1 inventory crunch
  The diminishing availability of Tier 1 drilling sites in North American shale is compelling oil and natural...
  The diminishing availability of Tier 1 drilling sites in North American shale is compelling oil and natural gas operators to venture into deeper and less-explored zones to sustain drilling activity. The Permian Basin's Midland and Delaware portions have roughly 10 and 15 years of remaining premium locations, respectively, but geologically viable, albeit costlier, inventory in peripheral zones such as the Middle Spraberry and Wolfcamp D formations could extend the Permian's lifespan from 17 to about 32 years, according to Enverus Permian analyst Stephen Pratt.
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