Oil dips below $69 on higher gasoline stocks

Oil dipped below $69 a barrel on Wednesday, falling back after U.S. industry data showed gasoline reservoirs swelled unexpectedly, despite growing geopolitical troubles in some OPEC member countries. By 1425 GMT, U.S.

Oil dips under $69 on higher gasoline stocks

Oil dropped to under $69 a barrel on Wednesday, falling back after U.S. industry data showed gasoline reservoirs swelled unexpectedly. By 1125 GMT, U.S. crude for August delivery was down 46 cents

U.S. recession to bottom out this year: OECD

A severe U.S. recession will bottom out this year, but any recovery will be weak due to anemic markets and shrunken consumer wealth, the Organization for Economic Cooperation and Development said on

Barroso to pay one-day visit to Cyprus

President of the European Commission Jose Manuel Barroso will be paying a one-day visit to Cyprus on Thursday, during which he will be meeting with the leaders of the two communities. According