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• US drillers cut oil and gas rigs for second week in a row
  According to Baker Hughes ' latest report on Friday, U.S. energy firms...
  According to Baker Hughes ' latest report on Friday, U.S. energy firms reduced the number of oil and natural gas rigs for the second straight week. The overall rig count, an early indicator of future production, dropped by 1 to 587 in the week ending September 27, marking the lowest level since early September. This leaves the total rig count 36 rigs, or 6%, lower than the same period last year.
  
  Oil rigs saw a significant drop, falling by 4 to 484, their lowest since early September, while natural gas rigs increased by 3 to 99, the highest since late July. This was the first weekly reduction in oil rigs since mid-August and the largest single-week oil rig cut since late June.
  
  Despite this week's decline, drillers still added oil rigs in September, marking the third consecutive month of gains—the first such streak since July 2022. Additionally, drillers increased the total number of oil and gas rigs by six in the third quarter, the first quarterly rise since 2022.
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• Israel Says It Killed Hezbollah Leader
  The Israeli military said on Saturday that it had killed...

  The Israeli military said on Saturday that it had killed Hassan Nasrallah, the longtime leader of Hezbollah, in an airstrike on the organization’s underground headquarters near Beirut on Friday. Hezbollah has not commented on the Israeli claim.

  
  

  The announcement came after Israeli forces launched a series of new airstrikes in the same Hezbollah-dominated area, known as the Dahiya, sending more residents fleeing for safety. Israel’s military said the strikes were intended to destroy Hezbollah weapons caches.

  
  The bombing killed at least six people and injured dozens, according to Lebanon’s health ministry. The move came hours after Israeli Prime Minister Benjamin Netanyahu, who has brushed off international efforts toward a cease-fire, spoke at the UN and insisted that Israel’s campaign would continue. Lebanese and Palestinian officials addressed the assembly the day before, decrying Israel’s actions in its current conflicts.
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• U.S. crude oil posts weekly loss as Saudi supplies look set to return
  Oil prices fell this week despite Middle East tensions, as potential...
  Oil prices fell this week despite Middle East tensions, as potential increased Saudi supply outweighed China's economic stimulus efforts. U.S. crude dropped 5% and Brent nearly 4%. Analysts note that despite regional conflicts, oil supply remains unaffected, with significant unused production capacity in the Middle East.
  
  Here are Friday’s closing energy prices:
  

  
  
  • West Texas Intermediate November contract: $68.18 per barrel, down 51 cents, or 0.75%. Year to date, U.S. crude oil is down nearly 5%.
  
  
  • Brent November contract: $71.98 per barrel, off 38 cents, or 0.53%. Year to date, the global benchmark is down more than 6%.
  
  
  • RBOB Gasoline October contract: $1.953 per gallon, down 0.42%. Year to date, gasoline is down about 7%.
  
  
  • Natural Gas November contract: $2.902 per thousand cubic feet, up 5.41%. Year to date, gas is up about more than 15%.
  
  
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• ☕️What Else is Brewing Saturday Morning
  Legendary actress Dame Maggie Smith has died at 89. The...
  Legendary actress Dame Maggie Smith has died at 89. The English stage and screen star’s sons said she “passed away peacefully” in a hospital yesterday morning, noting she was a “private person” and not revealing her cause of death. Smith’s decades-spanning acting career included Oscar wins for her roles in The Prime of Miss Jean Brodie and California Suite. More recently, she gained a new crop of fans as Professor McGonagall in the Harry Potter films and the bon mot-spewing dowager countess in Downton Abbey.
  
  The Chicago White Sox made history last night when they lost their 121st game of the season, making them the MLB team with the most losses since 1900. But you can comfort your Chicago friends with the fact that they’re not the biggest losers ever because in 1899, the “Cleveland Spiders” embarrassed arachnids everywhere by losing 134 games.
  
  WeightWatchers CEO Sima Sistani, who struggled to guide the company through the Ozempic era despite embracing the popularity of weight loss drugs, is leaving the position after two and a half years.
  
  NYC Mayor Eric Adams pleaded not guilty to federal charges that accuse him of accepting illegal money and perks from Turkey. Later in the day, his chief advisor’s phone was seized by investigators.
  
  The US charged Iranian operatives with hacking Donald Trump’s campaign.
  
  UFC’s parent company agreed to pay $375 million to settle a class action lawsuit accusing it of tamping down fighters’ pay by making it hard for them to accept offers from rival fight promoters.
  
  Two climate activists from Just Stop Oil were sentenced to prison for throwing soup at a Van Gogh painting. Hours later, other activists from the group threw soup at two more of the painter’s works.
  
  
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• Dow clinches record close as U.S. stocks book weekly gains
  The U.S. stock market closed mixed Friday, with the Dow...

  The U.S. stock market closed mixed Friday, with the Dow Jones Industrial Average finishing at a record peak after investors parsed fresh data showing inflation continued to cool in August.

  
  

  The Dow Jones rose 137.89 points on Friday, or 0.3%, to close at 42,313, notching its 32nd record close of the year.

  
  

  The S&P 500 slipped 7.2 points, or 0.1%, to finish at 5,738.17.

  
  

  The Nasdaq Composite shed 70.70 points, or 0.4%, to end at 18,119.59.

  
  

  For the week, the Dow and S&P 500 each gained 0.6% while the technology-heavy Nasdaq climbed 1%. All three major U.S. stock benchmarks booked a third straight week of gains.

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