HEADLINES:
* The occupation army claims to have assassinated the commander of the Taybeh region in Hezbollah in a raid on Lebanon*
* Oil prices rise slightly but head for biggest weekly loss…
ARTICLE SUMMARY (2024-10-18)
Written by – Abdul Wahab Al-JundiThe Israeli occupation army claimed on Friday that it was able to kill the commander of the Taybeh region in the Lebanese Hezbollah, Muhammad Hussein Rammal, during an air strike in southern Lebanon. The Israeli occupation army said in a statement that "Rammal" was responsible for planning and implementing many activities against Israel, according to its expression.
ARTICLE SUMMARY (2024-10-18)
Show Related News Crude oil futures rose on Friday, supported by a surprise draw in U.S. oil inventories and rising tensions in the Middle East, but prices were set for their biggest weekly loss in more than a month on concerns about weaker demand. Brent crude futures rose 16 cents, or 0.2 percent, to $74.61 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.2 percent, to $70.84. Both contracts settled higher on Thursday for the first time in five sessions after data from the U.S. Energy Information Administration showed that U.S. crude, gasoline and distillate inventories fell last week. But U.S. crude production hit a record high of 13.5 million barrels per day last week, the EIA data showed, adding to concerns about rising supplies as Libyan production resumes and as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, plan to further ease output cuts in 2025. Brent and WTI are set to To fall about 6 percent this week, their biggest weekly decline since September 2. The weekly decline comes after OPEC and the International Energy Agency cut their forecasts for global oil demand in 2024 and 2025, as well as easing fears of a possible Israeli attack on Iran that could disrupt Tehran’s oil exports.
