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West Texas Intermediate crude rebounded after sliding to the lowest level since July 2009 on speculation that prices have further to drop before OPEC’s decision to maintain output slows U.S. shale supply.

Consumer confidence climbed to a more than seven-year high in November as Americans’ views of their financial well-being improved heading into the holiday-shopping season.

Orders for durable goods rose 0.4% in October, mainly on a jump in demand for military aircraft, the U.S. Commerce Department said Nov. 26.

Consumer spending in the United States climbed in October at the same pace as incomes, showing households are staying within their means as the holiday-shopping season begins.

The average price of regular gasoline at U.S. pumps slid to the lowest level since Nov. 5, 2010, dropping 10 cents in the two weeks ended Nov. 21 to $2.84 a gallon, according to Lundberg Survey Inc.

The U.S. Environmental Protection Agency punted on setting quotas for the use of renewable fuels in 2014 and pledged to lay out next year targets for 2014-2016.

BNSF Railway Co., the railroad owned by Warren Buffett’s Berkshire Hathaway Inc., plans to spend a record $6 billion next year to help speed trains and improve service crimped by surging grain and oil shipments.

Michelin’s plan to be the first large-scale maker of airless tires that avoid punctures will first target flat-prone industries such as construction. Passenger cars may eventually use the technology, too.