10 things you need to know today: November 28, 2014

Headlines!!

The Fifth Column

A boy waits outside a Toys R Us in New York City. A boy waits outside a Toys R Us in New York City. (Getty/Andrew Burton)

The Week

Oil prices dive, millions shop for deals on Thanksgiving to beat Black Friday crowds, and more

1. OPEC rejects pressure to reduce production, sending oil prices plummeting
Oil prices dropped by 7 percent to $69 per barrel on Thursday, the lowest level since May 2010. The dive came after OPEC announced that it was leaving production levels unchanged, dashing expectations that the group of leading oil exporters would slash production to boost prices. Saudi Arabia pushed to keep production levels steady despite pressure from Russia, Nigeria, and Venezuela, which need higher prices to bolster their economies. [CNN]

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2. More than 25 million hit stores before Black Friday
Millions of Americans hit the stores before Thanksgiving was over, not waiting until Black Friday to hunt for deals as the holiday shopping season…

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