The Palestinian Foreign Ministry identified the man as Kamel Abdallah Alwaneh, 19, near the city of Jenin, and condemned his killing.
Alwaneh’s death is the latest in a wave of deadly violence in the West Bank in recent months.
The Israeli army carried out daily raids on Palestinian towns and villages following a series of deadly attacks by Palestinians that killed 19 Israelis, with several of the attackers coming from the Jenin area. Dozens of Palestinians have been killed in Israeli military raids.
Most of the dead reportedly opened fire on Israeli forces or threw rocks or incendiary bombs at them. The dead also include at least two apparent bystanders.
Nearly 500,000 Israeli settlers live in more than 130 settlements scattered across the West Bank, alongside nearly 3 million Palestinians who live under Israeli military rule.
Israel captured the West Bank in the 1967 Middle East war and the Palestinians seek it as the heart of a future state. Israel regards the West Bank as the biblical and historical heart of the Jewish people.
Palestinians and much of the international community view Israeli settlements in the West Bank as a violation of international law and an obstacle to a peaceful resolution to the decades-long conflict.