Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Escalating Uncertainty in Global Markets

At the end of the week, WTI had a big dip leaving a 3% gap on the chart. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $79.59 and WTI closed at $75.41. Brent moved below 61% fib level despite the decreasing US Rig count for multiple weeks.  Gold...

Weekly Bitumen Report: Oil Price Jump by US Relative Economic Improvement and Middle East Tension

During the last week, 3 European presidents expressed their worries about the Middle East tension through a common statement. They asked Iran to refrain from any retaliatory attacks against Israel to avoid any damage to the probable peace trend. In the meantime, concerns about Iran’s possible attack on Israel are growing daily. On the other hand, Hamas...

Weekly Oil Report: Macroeconomy Dominating Commodities

After 4 falling weeks, oil recorded growth of about 3%. Brent closed at $79.70 and WTI closed at $77.00. The indicator’s divergence shows a possibility of price correction in short term. Click for Special Bitumen Offer Macroeconomic fears stressed many in stocks and commodities last week. Japan's Nikkei index recorded the biggest loss since 1987...

Weekly Bitumen Report: Concerns on U.S. Economic Crises Along with Raise of the Middle East Tensions

The international attempts to prevent more tension between Iran and Israel in the Middle East have not led to any positive outcome and Iran considers revenge against Israel to be its right. In the meantime, on August 8, there was some news about the possible Iran missile attack on Israel within the next hours of...

Weekly Oil Report: Does Assassination of Hamas Leader Push Prices Higher Again?

On Friday, Brent closed at $77.38 and WTI closed at $74.11. Watch crude oil technical analysis: Click for Special Bitumen Offer July closed with a 4% decline due to diminishing demand from China. On the 4h chart, you can see a double bottom forming a turning point. Fundamentally, rising geopolitical tensions in the Middle East...

Weekly Bitumen Report: Jump in Crude Oil Price

The assassination of the number two figure of Hezbollah at the borders of Lebanon, along with the simultaneous assassination of the head of Hamas's political bureau in Tehran, both by Israel, caused oil prices to increase by about $4 by Thursday, August 1, returning from its lowest level in the past seven weeks. The surge...

Weekly Oil Report: Bad News for Crude Markets

On Friday, Brent closed at $79.61 and WTI closed at $76.41. Watch crude oil technical analysis: Click for Special Bitumen Offer The head and shoulder pattern, shown last week, was fully completed throughout the week. Oil dropped sharply on Friday and it caused July to be a bad month for crude up to now. However,...

Weekly Bitumen Report: Bitumen Price Surge Despite Worries on Crude Oil Fall

On July 21, Joe Biden dropped out of the US presidential election and 2 days later, Kamala Harris was officially appointed as the candidate of Democrats. It was previously announced by AXIOS news agency that Biden would drop out of this election during the weekend. This led to a weak improvement in commodity markets. However,...

Weekly Oil Report: Concerns Pile Up About China’s Demand

Oil dropped by about 3% due to fears about China’s demand. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $82.60 and WTI closed at $78.58. Although price fluctuates in the same range as the last 6 months, it recorded a long falling candle on Friday. The head and...

Weekly Bitumen Report: Fundamental Support for Crude Oil and Bitumen

The failed assassination attempt of Donald Trump and the increase in his victory possibility in the next presidential election of the US caused the commodity markets to maintain their uptrend during the last week. In this political confusion in the campaigns of the Democrats and Trump's more success will probably strengthen the current situation. In...