Crude Oil Update

Prices declined in Asia on hopes that a UN-brokered truce and the eventual deployment of an international peacekeeping force in Lebanon will end the conflict there. New York's main contract, light sweet crude for delivery in September, was last at $73.65 a barrel, down $0.70 from its close of $74.35 in the US Friday.

Gold is trading in very Tight ranges, as well as Silver.
Not much movement occuring, as talks going on, whether to push the gold up or Bring it little down due to Fundamental Aspects easing.
We shall see how Europe and NY react on this.