1. Hungary's MOL Oil Company reportedly intends to acquire assets from Lukoil. 2. Sources indicate that oil export progress from Russia's Black Sea ports fell behind schedule in November due to storms and drone attacks. 3. Saudi Aramco will reduce the official selling price of Arab Light crude oil to Asia to its lowest level since January 2021. 4. Following a drone attack on the CPC Black Sea terminal, Kazakhstan's oil and gas production dropped by 6% in the first two days of December. 5. Sources say India's Bharat Petroleum has purchased 2 million barrels of Russian Urals crude and 2 million barrels of CPC blend oil from non-sanctioned entities for January loading.

Spot silver prices increased by 2.00% during the day, currently reported at $58.27 per ounce.

1. The U.S. Government Accountability Office is investigating "Fed critic" Powell. 2. Hassett believes the Fed may cut rates by 25 basis points at its next meeting. 3. U.S. Treasury Secretary Basant will chair the Financial Stability Oversight Council meeting. 4. U.S. November Challenger job cuts fell 53.4% to 71,321. 5. Initial jobless claims in the U.S. last week hit 191,000, the lowest since September 2022. 6. Revelio Labs predicts a decrease of 9,000 non-farm jobs in November. 7. A Reuters survey shows economists expect the Fed to lower rates to 3.25%-3.50% by Q1 2026.

The U.S. Government Accountability Office has initiated an investigation into critic of the Federal Reserve, Pruitt. Meanwhile, Treasury Secretary Becerra will chair a meeting of the Financial Stability Oversight Council on December 11.

The U.S. government accountability office is investigating "Fed critics" including Powell. Hassett believes the Fed may cut rates by 25 basis points at its next meeting. The U.S. Treasury Secretary will chair a financial stability meeting on December 11. November layoffs dropped 53.4% to 71,321, and initial jobless claims fell to 191,000, the lowest since September 2022.