The Price of Crude Oil Moves Lower

• As crude oil prices have plummeted from over $100 a barrel in July to less than $70 a barrel, a look at who wins and who loses The New York Times
• The plunge in crude oil prices is expected to drive gas prices lower USA Today
• The twelve nation Organization of the Petroleum Exporting Countries (OPEC) voted on Thursday to maintain production of 30 million barrels a day, sending crude oil prices lower Dallas News
• Has OPEC started a price war with U.S.? Vox

U.S. Economy

• U.S. economic growth in the third quarter was revised higher to 3.9%, up from the preliminary reading of 3.5% Morningstar
• Consumer confidence rose to a seven year high in November according to the Thomson Reuters/University of Michigan sentiment index Bloomberg
• The number of individuals in the U.S. receiving unemployment benefits fell to 2.33 million in early November, the lowest since 2000 Reuters
• Personal income in the U.S. increased by 0.2% in October CNBC

Around the World

• The annualized inflation rate in the Eurozone fell to 0.3% in November and been in perpetual decline since a peak of 3% in late 2011  BBC
• Unemployment in the Eurozone has reached 11.5% The New York Times
• The Organization for Economic Cooperation and Development (OECD) warned that a “comprehensive policy response” by Eurozone member states is needed to reverse economic stagnation in the region MarketWatch