Oil prices rose over 1% as concerns about tensions in the Middle East resurfaced ahead of the US election. Brent crude futures increased by 1.27% to $75.91, while US West Texas Intermediate crude futures climbed 1.41% to $71.77. The exchange of heavy fire between Israel and Hezbollah raised concerns about supply. Despite worries about Chinese demand and potential disruptions in the Middle East, oil prices have gained nearly 4% this week. The current volatility ahead of the US election and the Federal Reserve's policy decision is causing wilder fluctuations in the market.