Oil Prices Sild On Israel Intention to Stop War

Oil prices slid from almost record highs on Monday on hopes that Israel may stop its fighting against Lebanese guerrillas.

Despite ongoing conflict, US light crude prices fell after reports on Israeli television said Israel could end its Lebanon offensive within days.

US light crude futures ended down $1.73 to $75.30 a barrel on the NYMEX.

London's Brent crude finished down $1.66 to $75.92 a barrel, after touching a record $78.18 early in Monday trading on the ICE Futures.