By hellenicshippingnews The NYMEX oil price remains bullish and could be headed for $63, technical analysis shows. It's developed a double bottom pattern near $45 as the downtrend consolidation developed. When the height of the double bottom is measured, this value is projected above the peak of the double bottom pattern near $53. This pattern […]

* China pledges to extend emissions trading to national scheme Read full story › Source:: Reuters UK Natural Resources       

* OPEC, U.S. output rises to multi-year highs (Adds U.S., OPEC production details, updates prices) Read full story › Source:: Reuters UK Natural Resources       

Global Economy The oil price recovery slowed down this month after three consecutive months of steady price increases. As of June 15 WTI front month futures price settled at 59.53 USDbbl which is Read full story › Source:: Oil Voice