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 seven months, the chief of Kuwait's national oil company said on Monday, in the latest sign that Gulf producers are ready to ride out plunging prices.