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Check back later this morning for today’s Morning Musings.

1. Oil prices are at their highest level in 3 weeks, catching a lift from a softer U.S. dollar and bullish comments from Russian President Vladimir Putin regarding the potential for an OPEC deal to trim production…Putin said he also saw no obstacle to non-OPEC member Russia agreeing to freeze Oil output, which at more than 11 million barrels per day is at a post-Soviet high…WTIC is up $1.23 a barrel at $46.92 as of 7:00 am Pacific…

2. Metals are firmer across the board to begin the new week…Gold is up $6 an ounce at $1,213 as of 7:00 am Pacific while Silver has added 8 cents to $16.63…Copper has jumped a nickel to $2.50, Nickel has surged 17 cents to $5.05 while Zinc is up 2 pennies at $1.16…

3. The Venture is up slightly at 750 after the first 30 minutes of trading, a recovery of 4.6% from last Monday’s 5-month low of 717 which has a good chance of holding prior to favorable seasonality factors that kick in during December…the Dow and TSX are up modestly in early trading…

4. AQM Copper (AQM, TSX-V) is up sharply this morning as it’s being acquired by Teck Resources (TCK.B, TSX) for 23 cents a share in cash or an implied total equity value for AQM of $35 million CDN on a 100% fully-diluted basis…AQM’s principal asset is a 30% indirect interest in the Zafranal Copper-Gold Project located in southern Peru, approximately 70 km north of Arequipa…Teck already holds a 50% indirect interest in the Zafranal Project which has a mineral reserve of 401 million tonnes grading 0.40% Cu and 0.07 g/t Au…the project’s initial capital cost is $1.16 billion (U.S.), the after-tax IRR is 15.9% and the payback period is 5.1 years…

5. Canada Zinc Metals (CZX, TSX-V) is one of the Venture leaders in early trading, up 5.5 cents at 41.5 cents…resistance in the mid-40’s…the rising 100-day moving average (SMA,), currently 35 cents, has provided unwavering support throughout the year…Teck and partner Korea Zinc Co. Ltd. started a drill program at the Pie-Yuen-Cirque East properties, optioned from Canada Zinc, in September…

6. Veritas Pharma (VRT, TSX-V), in the process of completing a $1.4 million private placement at 30 cents per unit, announced this morning that it has signed an LOI with Sechelt Organic Marijuana Inc. whereby Veritas has been granted the exclusive option to acquire 100% ownership of the privately-held company subject to certain terms and conditions…VRT climbed as high as 45 cents and is off a penny at 42 cents as of 7:00 am Pacific…

7. Savary Gold (SCA, TSX-V) has initiated its largest-ever exploration program at its Karankasso JV project in southwestern Burkina Faso..the $3.5 million (CDN) program will consist of up to 21,000 m of drilling, 12,000 m of auger drilling, approximately 275 line km of gradient IP geophysical surveys and collection of up to 3,000 soil samples…the initial planned holes are designed to extend the in-pit Inferred mineral resources at the Karangosso, West Trend, Diosso South and Kueredougou West Zones…