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Brent hits five-year low below $66 on oversupply worries

(Reuters) - Benchmark Brent crude slipped on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut. Oil prices are likely to remain around $65 a barrel for the next six or...

Iraq forms special army to retake Mosul province

The Iraqi government has put together an armed force of 10,000 people to retake the province of Mosul from the Islamic State of Iraq and the Levant, the head of Mosul's provincial council said on Sunday. "The government has prepared its 'Freeing...