Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Rising Bitumen Price by All Producing Countries

On the anniversary of 7 October, Israel’s attacks to the south of Lebanon and the Gaza Strip hiked up. Despite the wide global disagreements with these attacks, Israel keeps fighting. The Middle East tensions are strongly the main factors affecting the rise in crude oil prices. The Milton Storm paused America’s oil and gas activities...

Weekly Oil Report: World Focused on Middle East and World War III

Oil was pumped up after hectic tensions in the Middle East. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $78.05 and WTI closed at $74.39. Brent’s coming resistances are shown on the chart. It’s not bad to take a look at WTI chart too. WTI price broke a...

Weekly Bitumen Report: Immediate Developments in the Middle East and Jump in Bitumen Price

After the assassination of Hezbollah leader and an Iranian General in the air strikes of Israel, in a retaliatory action, Iran fired more than 200 Ballistic missiles at Israel’s land on October 1. These missiles were tracked by America, England, France, and the defense of Israel’s Iron Dome but most of them hit other targets...

Weekly Oil Report: Lebanon Bloodbath Brings More Choas to the Middle East

Hectic events in the Middle East kept commodities turbulent. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $71.95 and WTI closed at $68.57. Gold also had a new record by closing above $2600 per ounce. Brent had a price gap but considering the regional tensions, it can move upward...

Weekly Bitumen Report: Bitumen Rise in East Asia and Iran, Fall in Europe

On Wednesday, September 25, the US, France, UK, Australia, Canada, Germany, Italy, Japan, Saudi Arabia, Qatar, United Arab Emirates, and the European Union published a joint statement calling for Hezbollah and Israel to reach a temporary 21-day ceasefire. Concerns about the development of land warfare have increased and the Middle East may encounter a new...

Weekly Oil Report: Geopolitical Tensions Conquered Over Economic Concerns

Brent recovered by about 4% this week and set the second straight weekly gain. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $74.68 and WTI closed at $71.19. As shown on 1h chart, price has been moving along the yellow support. Momentum is a little down and the...

Weekly Bitumen Report: New Cyber War in the Middle East and Probable Price Changes

The explosion of hundreds of pagers in Lebanon created another wave of attacks against Hezbollah which is contributed to Israel. In the meantime, in the first press conference of Iran’s president, he stated that Israel attempts to pull Iran into a regional war. The smallest tension in the Middle East can affect the trend of...

Weekly Oil Report: Is This the End of Losing Streak for Crude?

Oil recovered slightly after 4 constant falling weeks. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $72.09 and WTI closed at $69.20. Revised supports are shown on the chart. A divergence is happening between volume and price movements. It can be a risky factor for bulls but at...

Weekly Bitumen Report: EIA: Crude Oil Probably Jumps Over 80 USD

On Tuesday, September 10, Kamala Harris and Donald Trump debated in Philadelphia for the first time. Despite shaking hands, they did not seem to be friends! In a flash poll, most debate watchers said that Harris outperformed Trump and the betting markets reflected the same. In the meantime, the Secretary of the US and UK...

Weekly Oil Report: WTI Fell Below $70 by Bears

September started with a sharp fall for Oil pushing it below $70. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $71.47 and WTI closed at $68.08. The triangle, shown last week on the chart, broke downward by about 7%. The price is now on long-term support and there...