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• Oil settles higher as tight fuel markets offset crude supply concerns
  Oil prices settled higher on Monday as analysts focused on potential...
  Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh U.S. sanctions and Ukrainian drone attacks on Russian refineries, although predictions of a crude supply surplus kept gains in check.
  
  Brent crude futures rose 43 cents, or 0.7%, to settle at $64.06 a barrel, while U.S. West Texas Intermediate crude futures advanced 38 cents, or 0.6%, to close at $60.13 a barrel.
  
  Fuel futures led gains in the oil complex as U.S. gasoline futures closed over 1% higher and diesel futures rose close to 1%. A string of refinery issues in the U.S. and drone strikes on Russian refineries have helped lift fuel prices, analysts said.
  
  "Refinery issues in the Great Lakes and West Coast have kept prices elevated," GasBuddy analyst Patrick De Haan wrote in a blog post. He added that thousands of U.S. flight cancellations due to the federal government shutdown could also create more gasoline demand ahead of the Thanksgiving holiday.
  
  [Source: From Reuters]
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• U.S. stocks end higher as S&P 500, Nasdaq log their best days since May
  U.S. stocks ended higher Monday afternoon, on hopes that...

  U.S. stocks ended higher Monday afternoon, on hopes that the longest U.S. government shutdown may end this week, after the Senate took initial steps Sunday night on passing a deal to end the impasse.

  
  

  Meanwhile, President Donald Trump on Sunday floated the idea of paying at least $2,000 to most Americans from tariff revenue, though Secretary Scott Bessent downplayed the prospect of rebate checks, suggesting tax savings are more likely.

  
  

  The Dow Jones Industrial Average finished up about 0.8%, according to preliminary closing data from FactSet.

  
  

  The S&P 500 ended up 1.5%, recording back-to-back gains. The index logged its largest single-day point gain since May 27, and its largest single-day percentage gain since Oct. 13.

  
  

  The Nasdaq Composite closed 2.3% higher, snapping back-to-back losses. The index recorded its largest single-day point gain since May 12, and its largest single-day percentage gain since May 27.

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• Amplify Energy Exits Oklahoma Following East Texas Asset Sales
  Amplify Energy continues to streamline...

  Amplify Energy continues to streamline its holdings, this time divesting oil and gas assets in Oklahoma. Houston-based Amplify announced an agreement Nov. 5 to sell all of its Oklahoma interests for $92.5 million. The deal is expected to close in the fourth quarter.

  
  

  As of the second quarter, Amplify held 95,000 net acres (76% working interest) in Oklahoma, primarily in Woods, Alfalfa and Major counties. Net production from the assets, located in the Mississippian Lime play, averaged 4,400 boe/d (46% liquids) in the second quarter.

  
  

  The assets include saltwater handling and disposal infrastructure. Earlier this year, Amplify operated a one-rig workover program on the property and was implementing a rod-lift conversion initiative to lower electrical and workover costs.

  
  
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• Warren Buffett will release a farewell letter
  The 95-year-old Oracle of Omaha is expected to ...
  The 95-year-old Oracle of Omaha is expected to release a valedictory statement today, his first public address since announcing in May that he would step down as the head of Berkshire Hathaway by year’s end. A Berkshire spokesperson said that Buffett’s letter to shareholders will cover “philanthropy, Berkshire and other matters that Berkshire shareholders and others may find to be of interest.” 
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• Shutdown Agreement Edges Closer
  The Senate voted 60-40...

  The Senate voted 60-40 Sunday to advance legislation ending the month-long government shutdown. Eight Democrats joined Republicans, though the deal doesn't guarantee the extension of Affordable Care Act subsidies expiring January 1. READ MORE

  
  

  The shutdown began on October 1, with Democrats previously blocking 14 votes demanding health care tax credit extensions. The compromise includes funding bills, reinstating laid-off federal workers with back pay, and a promised December subsidy vote.

  
  

  Senate Democratic Leader Chuck Schumer opposed the deal. Effects worsen: airlines canceled 2,000+ flights Sunday, food assistance faces delays for millions, and federal workers remain unpaid through the shutdown's 38th day. Live updates here.

  
  The Senate is set to reconvene at 11 a.m. on Monday. House members have been notified that votes related to government funding are expected in the lower chamber this week, pending final passage of the funding measure in the Senate. 
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