Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: The Fundamental Improvement of Crude Oil Price and Possibility of Positive Changes in the Market

The temporary ceasefire between Israel and Hamas started last Friday, and it continued. Both parties released more captives during this time. These fragile conditions did not help the humanitarian crisis and economic situation of the world significantly, but at least the number of daily victims decreased. In the meantime, crude oil prices were raised because...

Weekly Oil Report: Sluggish Movement of Markets

On Friday, Brent oil closed at $80.10 and WTI settled around $75.13. Watch crude technical analysis and comment your ideas: https://youtu.be/3FtwTOKt7AI?si=DUFc09yAt726dOb- Click for Special Bitumen Offer Oil ended up falling for the for the 5th consecutive week. Trading activity slowed down because of the US Thanksgiving holidays, leaving the weekly candle with long shadows and...

Weekly Bitumen Report: Continuous Recession and Confusion

Oil prices experienced a smooth trend until Wednesday, 22 November, before Thanksgiving day and before the start of the OPEC+ meeting. But on Wednesday, the oil price dropped around 4% because of the postponement of the OPEC+ meeting that was supposed to be held on 25 and 26 November. On Wednesday, Bloomberg reported that the...

Weekly Oil Report: Shocks of Weak Economic Data in Crude and Petroleum Products

On Friday, Brent oil closed at $80.55 and WTI settled around $76.05. Watch crude technical analysis and comment your ideas: https://youtu.be/JsHzYrwXCJU?si=h6csiy-VHpbXBEG4 Click for Special Bitumen Offer Brent, as mentioned in the last episode, pulled back and continued falling. The weak economic data and the decline of US treasury yield suppressed the oil markets on Thursday....

Weekly Bitumen Report: Recession in the Market

While Qaza war is still going on with its numerous human casualties, different markets experience unstable conditions as a result of daily changes in the region. According to Oilprice, crude oil recoded its third weekly drop within this week and caused more worries regarding the reduction of demand and its replacement with the fear of...

Weekly Oil Report: Mixed Sentiments Linger in Markets

On Friday, Brent oil closed at $81.61 and WTI settled around $77.31. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Bears took over crude oil for the third consecutive week. The market has a mixed sentiment at the moment. Considering the broken resistance, it is possible to see a slight...

Weekly Bitumen Report: Oil Price Orientation, Determining Factor of Bitumen Market

After more than 1 month of war in the Middle East, which led to numerous human casualties for both sides (over 12,000 people), severe consequences of the war were seen in the energy world.By the start of this war, crude oil prices reached over 90 USD, and it was even predicted to see the level...

Weekly Oil Report: Entanglement of Political and Economic Factors

On Friday, Brent oil closed at $85.12 and WTI settled around $80.83. Watch crude technical analysis and comment your ideas: https://youtu.be/IQrS7XA7RHU?si=ckTNqNU3Z5CRSEdy Click for Special Bitumen Offer Another fall in the price is bringing more uncertainties for traders but it hasn’t broken the previous lows yet. This is actually making traders more confused. The weekly candle...

Weekly Bitumen Report: Contraction and Confusion in Market Signals

The financial and oil markets in the world have faced confusion as a result of humanitarian crisis and Middle East war and international attempts to relieve this crisis.On one hand, the World Bank warned that the current crisis can encounter the world with 3 scenarios of "minor disruption", "medium disruption", and "major disruption" and in...

Weekly Oil Report: Unclear Fate of Tensions Makes More Uncertainties

On October 27, Brent oil closed at $88.77 and WTI settled around $85.11. Watch crude technical analysis and comment your ideas: https://www.youtube.com/watch?v=I2XdiHpRQU0 Special Bitumen Offer Market sentiment has been shifting daily based on the tensions and news. Traders are deep in confusion. While big financial organizations are talking about 3-digit numbers for oil, it recorded...