Oil prices rose on Tuesday on news of fresh monetary stimulus from China and concerns about escalating tensions in the Middle East. Brent crude futures for November were up 0.93% at $74.59 a barrel, while U.S. WTI crude futures for November rose 1.05% to $71.11. China's central bank announced broad monetary stimulus and property market support measures to revive its economy. In the Middle East, Israel's military launched airstrikes against Hezbollah sites in Lebanon, escalating tensions in the region. U.S. oil producers were also preparing for a potential hurricane strike in the Gulf of Mexico.