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• Oxy doubles down on lithium extraction with Ark. leases
  Occidental Petroleum has acquired leases in Arkansas' Smackover formation...
  Occidental Petroleum has acquired leases in Arkansas' Smackover formation to expand its direct lithium extraction operations beyond the Salton Sea area of California, where it's set to break ground on the first DLE pilot plant with Berkshire Hathaway Energy this year. Oxy CEO Vicki Hollub sees DLE as a natural extension of the company's brine management expertise and signaled potential global opportunities to license extraction technology.
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• Oil and gas dominate Trump's early priorities
  President-elect Donald Trump plans to set in motion an aggressive agenda...
  President-elect Donald Trump plans to set in motion an aggressive agenda to boost oil and natural gas production and exports immediately after taking office, according to insiders. His strategy includes ending President Joe Biden's pause on new LNG export approvals, expediting permits to drill offshore and on federal lands, expanding lease offerings and dismantling key climate regulations.
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• AccuWeather Winter storm packing snow, rain puts millions of Thanksgiving travelers in Northeast on alert
  A storm centered on Thanksgiving will cause significant travel delays...
  A storm centered on Thanksgiving will cause significant travel delays for tens of millions as it delivers drenching rain to areas along the East Coast and in the lower Ohio Valley. Still, snow will fly and accumulate farther to the north and west, AccuWeather meteorologists warn.
  
  Low cloud ceilings and rain can slow air travel down as well. As the storm pivots through the major hubs in the east, flight delays and cancellations will mount.
  
  
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• Oil up as Israel says ceasefire violated, OPEC+ delays meeting
  LONDON, Nov 28 (Reuters) - Oil prices ticked up Thursday after Israel...
  LONDON, Nov 28 (Reuters) - Oil prices ticked up Thursday after Israel said its ceasefire with Lebanese armed group Hezbollah was violated and Israeli tanks fired on south Lebanon and OPEC+ delayed by a few days a meeting likely to extend production cuts.
  
  Brent crude futures edged up 41 cents, or 0.6%, to $73.24 a barrel by 1251 GMT, while U.S. West Texas Intermediate crude futures were up 35 cents, 0.5%, at $69.07. Trading is expected to be light on Thursday because of the U.S. Thanksgiving holiday.
  
  Israel's military said on Thursday the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
  
  The deal took effect on Wednesday and was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
  
  The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
  
  Elsewhere, OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a conflict with another event.
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• S&P 500 snaps 7-day win streak, stocks fall ahead of Thanksgiving
  Major U.S. indexes slid ahead of tomorrow's holiday...

  Major U.S. indexes slid ahead of tomorrow's holiday closure, hurt again by rotation out of info tech that put mega caps back on defense. By late in the day, the majority of S&P 500^® index (SPX) stocks posted gains, but mega-cap weakness pushed the actual index lower.

  
  Today's pullback followed inflation data that lacked a surprise punch but didn't show progress toward the Federal Reserve's 2% annual goal either. Personal Consumption Expenditure (PCE) prices climbed 0.2% monthly and 2.3% annually. Core PCE excluding food and energy increased 0.3% and 2.8% for the month and the year, respectively. Those figures matched analysts' expectations but were flat to slightly above September's tallies.
  
  "The PCE report came in as expected across the board," said Collin Martin, director of fixed income strategy at the Schwab Center for Financial Research. "The 0.3% monthly increase in core PCE suggests inflation is still a bit sticky."    Here's where the major benchmarks ended:
  
   The SPX fell 22.89 points (–0.38%) to 5,998.74; the Dow Jones Industrial Average^® ($DJI) lost 138.25 points (–0.31%) to 44,722.06; and the Nasdaq Composite^® ($COMP) dropped 115.10 points (–0.60%) to 19,060.48.
  
  The 10-year Treasury note yield dropped six basis points to 4.24%, a one-month low close. 
  
  The CBOE Volatility Index^® (VIX) was close to flat at 14.14.
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