Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Various Price Directions in Regional Markets

During the last week and with the reduction of tension between Iran and Israel in the Middle East, it seems that regional issues are facing some kinds of uncertainties. There is still no clear status on the ceasefire between Israel and Hamas after more than 6 months. The Red Sea has not recovered its normal...

Weekly Oil Report: Uncertain Tensions Continue in Middle East

On 19 April 2024, Israel launched a limited strike on Iran. The attack didn’t have much damage; therefore, it didn’t cause more tensions. Watch on YouTube: Click for Special Bitumen Offer Oil prices had a sudden drop before the attack but recovered slightly after it. Staying above $80, Brent closed the week at $87.15 and...

Weekly Bitumen Report: Price Growth & Market Uncertainties

Traditionally, there is a direct relation between oil price and the Middle East geopolitical situation, but this time, oil market is anticipating the rise or reduction of tension between Iran and Israel. Vandana Hari, the financial market analyst, believes that after Iran’s attacks to Israel, there was not any other tension between the 2 countries...

Weekly Oil Report: Iran Retaliatory Attack Intensifies Region Tensions

Late on Saturday, Iran launched hundreds of missiles and drones on Israel in response to Israeli airstrike on Iran Damascus Embassy. Watch on YouTube: Click for Special Bitumen Offer According to reports, attacks only targeted military bases in Israel and didn’t have serious casualties. Israel response will play a huge role in escalation of disputes....

Weekly Bitumen Report: The Middle East Security Concerns and Price Growth

During the last week, most of the global commodity markets experienced rise in the prices and one of its reasons was the expectation on the reduction of interest rate in America within the next weeks. The latest published report about employment rate in America demonstrates an acceptable position of employment in the country. Brent crude...

Weekly Oil Report: Geopolitical Risks Pushed Brent Above $90

Oil continued rocketing higher in the first week of April by about 5% growth. Brent closed at $90.87 and WTI settled around $86.67. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer The current candle pattern looks to be imaging previous upward movement so we might expect a correction similar to...

Weekly Bitumen Report: Global Improvement of Oil & Bitumen Price Continues

The strongest earthquake in Taiwan in the past 25 years shook Taiwan. The island supplies 90% of TSMC chip production which is crucial for producing chips for companies. Copper reached 9,094 USD which is its highest level since last year. Each ounce of gold also exceeded the $2300 mark and it is also among the...

Weekly Oil Report: Rising Trend Continues in Crude

Oil closed March with over 6% growth. On Friday, Brent closed the week at $86.92 and WTI settled around $83.06. Rally of oil continued to the day before Good Friday. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent price took off after touching 38% Fib level. If the purchasing...

Weekly Bitumen Report: Increase of Positive Signals Affecting Bitumen Price

In a report, Oil price stated that "In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher".On Thursday, the oil price was still reported in the range of 86 USD per...

Weekly Oil Report: Strong Demand Projections Boosting Positive Sentiment

Oil hiked above $ 80 after 4 months. On Friday, Brent closed the week at $85.52 and WTI settled around $80.74. Watch crude technical analysis and comment your ideas:Bullish sentiment could override the tense zone to start a new rising leg. New high and low are shown on the chart. Since the zone was properly...