In the first week of December, a bit of growth in crude oil could not fade the fear in the market. OPEC was firm on the production cuts for the first half of 2023. In the second week of this month, petrochemicals and fuel fell further along with oil. Crude got to its lowest price in 2022.
In the third week of December, traders have been hesitant to buy crude oil. Meanwhile, the bitumen market was alive in the Middle East. In the last week of December, the crude oil moved weakly as it was getting closer to the end of the year.
Altogether, 2022 brought crude a wide range of Volatilities from 70 to above 100.
You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy YouTube Channel if you are interested in knowing more about the crude oil and HSFO market analysis during December 2022.
Below the last chart, you can click to read the weekly bitumen market reports in December 2022.
In these reports, Razieh Gilani, the export manager of Infinity Galaxy has analyzed the bitumen market weekly and has examined the factors affecting the bitumen price fluctuations during this month.
Take a look at charts and let us know your comments.
Crude Oil Price Chart, December 2022
HSFO Price Chart, December 2022
Click on the link below to watch the Infinity Galaxy crude oil Vodcasts:
Crude Oil and HSFO Report:
Bitumen Price Chart, December 2022
Click on the link below to read the Weekly Bitumen Report of Infinity Galaxy:
Weekly Bitumen Report:
Every Monday and Friday, you can check the Infinity Galaxy blog and YouTube channel to become aware of the bitumen market condition and news. If you have any questions or you would like to keep in touch with our experts, drop a line in the comment section.
