Orange You Glad It's Thanksgiving Soup

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1 tablespoon extra-virgin olive oil

1 tablespoon unsalted butter

1 medium onion, finely chopped

4 carrots, finely chopped

Salt and pepper

1/2 cup pulpy orange juice

2 boxes frozen butternut squash puree

2 or 3 cups chicken broth

Grated nutmeg

1 tablespoon chopped fresh thyme leaves, for garnish

1 tablespoon orange zest, for garnish