Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report:  Bitumen Price is Struggling to Rise

The United Nations Security Council passed a resolution on Wednesday, demanding the Houthi to immediately stop their attacks on commercial ships in the Red Sea and release Galaxy Leader and its crew who were kidnapped on November 19 by Houthi. Houthi stated that the attacks would be going on its attacks to the Red Sea...

Weekly Oil Report: Re-Heated Geopolitical Tensions Slightly Supported the Market

On Friday, Brent oil closed at $78.81 and WTI settled around $73.89. Watch crude technical analysis and comment your ideas: https://youtu.be/UdXpbTrr62c?si=1UvjULu1bjBZzmgd Click for Special Bitumen Offer Crude oil is set to close out with a small gain in the first week of 2024. None of the major supports or resistances got violated yet and there...

Weekly Bitumen Report: Hope for a Promising Business Year

In the first week of January 2024, the largest prisoner swap took place between Ukraine and Russia while approaching the third year of this war. At the same time, the heaviest missile attacks were observed by both parties. Hamas- Israel war is passing its third month and Houthi attacks continue, even the USA coalition did...

Weekly Oil Report: A Look At 2023 for Commodities

2023 was not the year of oil. On the last day of the year, Brent oil closed at $77.04 and WTI settled around $71.29. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent's highest record was roughly $ 100 and couldn’t even touch 2022’s records. 71 dollars withstand the price...

Weekly Bitumen Report: 2023 Ended with a Heavy Recession in the Bitumen Market

During the last week, the missile attacks of Houthi on commercial ships continued and naval warships of different countries were sent to the Red Sea to guarantee the security of this region. In the meantime, tension among other countries in the Middle East rose too. The mortality rate in Qaza reached over 20K people and...

Weekly Oil Report: War Risks Threatens Global Trade

On Friday, Brent oil closed at $78.87 and WTI settled around $73.39. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer The weak movement of crude oil continued to the last week of 2023. Although the price increased to 80 it didn’t get to break the quarterly pivot point. Price is...

Weekly Bitumen Report: Marine Crisis and its Effects on Crude Oil

By the attacks of Houthi of Yemen to the commercial ships in the Red Sea, worries about the rise in crude oil prices have increased. On Friday, 15 December, brent Crude Oil was traded at 75 USD per barrel while it reached over 79 USD on 21 December. As a result of these attacks, four...

Weekly Oil Report: Bullish Sentiment Wears Off

On Friday, Brent oil closed at $76.86 and WTI settled around $71.74. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer In mid-December, Brent closed higher after 7 consecutive falling weeks. The movement is slow with no sign of trend change. A strong resistance is awaiting the price on 79 while...

Weekly Bitumen Report: The Shadow of Sudden Fall of Crude Oil

Israel- Hamas war that started on 7 October is passing its worst bloody days so that President Biden clearly criticized Israel. However, the situation has not changed in the region yet. On December 12, the Houthi movement of Yemen announced that they had missile attack on Norway-flagged tanker of STRINDA to show their objections to...

Weekly Oil Report: Fears of Recession Erupts in Commodities

On Friday, Brent oil closed at $75.84 and WTI settled around $71.20. Watch crude technical analysis and comment your ideas: https://youtu.be/Mm_OzO6nf48?si=NY2JTQwQa1xn3z_e Click for Special Bitumen Offer Crude oil shocked the market with the 7th consecutive month of falling. While most traders didn’t expect a sharp drop in the first week of December, the fear of...