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Oil Drops As Traders Turn Blind Eye To Israeli Air Strikes, Focus On Peace Talks

Meanwhile, anticipation regarding the Fed switches from cuts back to hikes.

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U.S. Crude Oil Stocks Seen Down 1.5 Million Barrels in Week Ended April 26

By Anthony Harrup U.S. crude oil inventories are expected to have decreased for a second consecutive week, along with a draw on gasoline stocks, according to a survey by The Wall Street.

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Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts

GLOBAL-OIL/ (UPDATE 7):UPDATE 7-Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts

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Oil Ends Week With Modest Gains As Israel Strikes Lebanon

But analysts remain largely unimpressed by the commodity's performance.

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Oil prices up for the week on supply concerns, but economic woes subdue gains

Persistent US inflation means Federal Reserve isn t going for rate cuts soon

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