Federal Reserve Vice Chair JEFFERSON said that in his experience at the Fed, debt or deficit issues have not entered policy debate.

Microsoft experienced a large-scale service outage on Thursday, disrupting government, corporate and trading operations globally and forcing some trading teams to revert to phone, fax and instant messaging. The outage added complexity to crude trading amid heightened Middle East tensions and delayed publication of some commodity price data. S&P Global's PLATTS notified clients that updates to certain refined fuels, natural gas and biofuel prices may be delayed; publication of 22 biofuel price series was suspended. Microsoft said on Friday recovery had progressed but more than 20 products and services could still produce errors. The outage prevented some traders from sending or receiving emails, transmitting fuel price reports and viewing P&L and risk exposure reports; some orders were processed by phone or fax. PLATTS later reported the issue had been resolved.

EIA weekly natural gas storage (week ended Nov. 6): U.S. working gas at 3,862 Bcf, +61 Bcf week/week; down 2.3% YoY, up 2.0% vs five-year average.