The US is trying to find a solution . There are some modest bids in oil creeping in after an Al Arabiya report on negotiations between Israel and Lebanon. The report says negotiations have hit a dead on because Israel is insisting on maintaining occupation of southern Lebanon. They want a buffer zone and the ability to operate freely within it. The US side is trying to mediate with the idea of a 'pilot security zone' that would be established and then handed over to the Lebanese army. WTI crude was last up 62 cents to $70.98 after trading as low as $68.90 earlier. It has been a rough stretch for the oil bulls as ... (full story)