Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Continuation of Slight Surge in Bitumen Price

Following the visit of America's foreign minister from the Middle East and negotiations for the ceasefire in Qaza Strip, crude oil prices remained unchanged on February 6. However, on Wednesday, crude oil increased up to the range of 79 USD as a result of Israel's disagreement with the proposal of peace between the 2 parties....

Weekly Oil Report: Possibility of Lower Tensions Awakened Bears

On Friday, Brent closed at $77.39 and WTI settled around $72.31. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Once again, uncertainty dumped the bullish sentiment. Right after seeing the highest prices of the last two months, oil suddenly got deep in fundamental confusion. Brent's weekly engulfing candle shows the...

Weekly Bitumen Report: More Increasing Signals in Bitumen Price

Three American soldiers were killed in a drone attack in Jordan and the situation in the Middle East and north of Africa got more complicated. USA decision to compensate this attack raised worries about a wider regional war. As a result, brent crude oil increased up to around 83 US dollars. Ukraine war got thornier...

Weekly Oil Report: Escalating Tensions Turned Sentiment Bullish

Crude oil surged to its highest level since December with Brent closed at $83.10 and WTI around $78.12. Click for Special Bitumen Offer Weak movements of Brent finally ended with about 6% growth in the last week of January. On Friday, it broke through the quarterly pivot point while moving inside a thick Ichi cloud....

Weekly Bitumen Report: Start of Uptrend of Iran Bitumen?

After several weeks of mediation by Qatar and Egypt and with the participation of America for a temporary ceasefire and hostage swap of Hamas and Israel, there has been no progress and there is a high pressure to reach a new agreement and ceasefire. Simultaneously, the crises of the Middle East are getting more complicated...

Weekly Oil Report: Geopolitical Tensions Keep Markets on Edge

On Friday, Brent oil closed at $78.65 and WTI settled around $73.39. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer For the 5th consecutive week, Brent struggled with 82 USD per barrel. The strong quarterly pivot point wouldn’t be broken with the current purchasing power unless it has a sudden...

Weekly Bitumen Report: The Middle East Unrest Shadows on Energy World

On the 100th day of Israel- Qaza war, the region witnessed the most severe air strikes. Meanwhile, the Houthi attacked another commercial ship on Tuesday. In response, America launched an attack on some of the Houthi positions in Yemen.Also, on Tuesday, Iran launched missile attacks on some regions of Iraq, Syria, and Pakistan. It is...

Weekly Oil Report: New Tensions of the Middle East Affecting Crude

On Friday, Brent oil closed at $78.35 and WTI settled around $72.74. Watch crude technical analysis and comment your ideas: https://youtu.be/ZT-6AdDG6yg?si=v113YH2lVSws4_pT Click for Special Bitumen Offer Brent failed to pass 82 once again. The sudden rise of the price couldn’t overcome the MA 50 while leaving a long shadow. The sentiment turned extremely bearish at...

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...