OIL FELL MORE THAN $1 A BARREL TO BELOW $74 ON TUESDAY AS ARAB LEADERS PRESSED FOR AN END TO FIGHTING BETWEEN ISRAEL AND HIZBOLLAH, REUTERS REPORTED. U.S. CRUDE SETTLED DOWN $1.30 AT $73.75 A BARREL, WHILE LONDON BRENT CRUDE LOST $1.33 TO SETTLE AT $73.28. THE WAR WILL TAKE CENTER STAGE AT A CONFERENCE IN ROME ON WEDNESDAY WHERE ARAB AND SOME EUROPEAN NATIONS ARE EXPECTED TO CALL FOR AN IMMEDIATE CEASE-FIRE OVER WASHINGTON'S OBJECTIONS.
