Oil news and market movers: How a military excursion can be negative for Oil
- Israel Defense Forces are striking local villages close to the border that potentially could pose an immediate threat to Israeli communities in Northern Israel, Reuters reports.
- The United Arab Emirates has expressed “deep concern” over Israel’s ground operation in Lebanon, pointing out the possible repercussions of this dangerous situation for the region, Bloomberg reports.
- Hezbollah is retaliating with missles being fired deep into Israel, Reuters reports.
- From the demand side, bad news came from China with manufacturing activity shrinking in September as new orders both domestically and abroad cooled down, Reuters reports.
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