Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Shock in Iran’s Market

On Wednesday, and after 2 days of decreasing trend of crude oil prices, it did not face any considerable changes as the worries about fall of demand in Europe neutralized the concerns of supply disorders in the Middle East as a result of war between Israel and Hamas in Qaza and crude oil future quotes...

Weekly Oil Report: Prices Rising Under the Shadow of Intensifying War

On October 20, Brent oil closed at $92.32 and WTI settled around $88.28. Watch crude technical analysis and comment your ideas: Special Bitumen Offer The Middle East geopolitical tensions sent crude oil higher for the second week. The price is above 50 MA and the purchasing power is rising. Brent is reaching a strong resistance...

Weekly Bitumen Report: Continuation of Tension in the Middle East and Rally of Price Increase

By the commencement of the war in the Middle East at the end of last week, the global index of Brent crude oil price increased 4.1% on Monday, 16 October in the initial deals of Asia and reached the high level of 88.15$ per barrel. However, the record of 97.69$ on 28 September has not...

Weekly Oil Report: Middle East Tensions Shaking the Markets

On October 13, Brent oil closed at $90.90 and WTI settled around $87.68. Both crude benchmarks headed for a gain this week. Watch crude technical analysis and comment your ideas: https://youtu.be/_hc7j5w-wqQ?si=WjgD_fWJ7RSgOqoP Special Bitumen Offer Prices started soaring on Monday due to the Hamas-Israel war. It actually pushed the prices to open with a 2-3 dollar...

Weekly Bitumen Report: How Might Israel- Hamas War Affect Bitumen Market?

On Saturday, 7 October, all the equations and balance of powers in the Middle East were disrupted by the attack of Hamas on Israel. The attacks had serious impacts on the world, not only the region. The first impact was the surge of crude oil prices within the last days as the significant military conflicts...

Weekly Oil Report: Sudden Shocks Bring More Complexity

October shocked the market in the 1st week. Crude oil fell by over 8% in the last several days. On Friday, Brent oil closed at $84.37 and WTI settled around $82.74. Watch crude technical analysis and comment your ideas: https://youtu.be/b-mIpyzykPg?si=yIppTHmHM-6yEIb2 Special Bitumen Offer Since March, crude oil didn't have any sharp drop. The selling pressure...

Weekly Bitumen Report: Sudden Direction Change of Oil Price and Shock in the Market

After several weeks of observing an uptrend in Brent crude oil prices, it fell below 90 USD, and even OPEC+ emphasis and its 50th meeting on Wednesday which was about the previous agreements to reduce production level could not lead to the recovery of oil prices to above 90 USD. The main reasons for this...

Weekly Oil Report: Positive Sentiment Still Has the Markets

On Sep 29, Brent oil closed around $92.07 and WTI settled at $90.71. https://youtu.be/p0vGJYS1_hw?si=_UQktWCX8SU4FUSH Technically, the market expected oil prices to slow down after reaching the 96-dollar resistance. The news about the US rising production and the coming OPEC meeting added up to resistance. On the weekly chart, you can see the price supports at...

Weekly Bitumen Report: The Simultaneous Rise of Crude, Fuel, and Bitumen

During last week, Taiwan unveiled its first domestically made submarine to empower its defense milestone against the probable attack of the Chinese army. Most of the supervisors believe that China does not have any plan of immediate attacks on this island and China's government is looking for a peaceful reunion with Taiwan. It is not...

Weekly Oil Report: Rising Trend Continues In Petroleum Products

On Sep 22, Brent oil closed around $92.19 and WTI settled at $90.29. Watch crude technical analysis and comment your ideas: Click for Asphalt Offer When the price touched the 38% fib level, traders started profit-taking. This led to a 2% price correction that can continue to 90. The bullish sentiment has not worn off...