Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Sudden Shed of Crude Following A Bearish Pulse

Crude oil met its lowest since February. On Friday, Brent closed at $79.47 and WTI settled around $75.35. On Monday, Brent broke through the support line with a long-body candle and fell below $ 80. The market resisted the bears on Friday but it hasn’t been enough to get back on rising track. Watch crude...

Weekly Bitumen Report: More Pressure on Bitumen Prices with Sudden Fall of Crude Oil

On Thursday, Putin warned America and the West that Russia is capable of providing weapons to other countries to attack these regions. He stated so in response to America and its allies that allowed Ukraine to attack some targets of Russia using their weapons. At the same time, while international mediators are getting ready to...

Weekly Oil Report: Mixed Signals Sparking Uncertainty and Volatilities

Oil ended May with over 5% loss for the second consecutive month in favour of sellers. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $81.28 and WTI settled around $77.12. At first of the week, price penetrated 100 MA but it retreated on Wednesday. Market uncertainty is visible on...

Weekly Bitumen Report: Stability and Possibility of Price Increase

The prime minister’s national security adviser of Israel stated that the Gaza war could go on for at least the rest of 2024, while widespread humanitarian disasters are happening in Gaza and numerous objections are being observed in different countries all over the world. While the world is worried about Gaza’s terrible situation, Russia started...

Weekly Oil Report: Surprising Twist of Political Fundamentals

Another week passed with uncertain traders in oil markets. Watch crude oil technical analysis: Click for Special Bitumen Offer The price continued struggling in the same range as the last couple of weeks. On Friday, Brent closed at $82.11 and WTI settled around $77.75. The shown support held on with a long shadow tail. The...

Weekly Bitumen Report: Numerous Effective Incidents and Lack of Market Direction

During the last week, Iran’s president, his foreign minister, and some other companions were killed in a helicopter crash. At the same time, Norway, Spain, and Ireland announced they were officially recognizing the State of Palestine. Poland also supported this action. In the east of the world, Russia continues to advance in the war. In...

Weekly Oil Report: Mixed Trend Happening Due to Uncertainty

Breaking News: Iran’s president, Ebrahim Raeesi, was found dead at a helicopter crash site with his foreign minister and others. According to the national press, no one survived the crash. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $83.90 and WTI settled around $79.46. The chart of oil...

Weekly Bitumen Report: Various Price Directions in Iran, Europe, India, and East Asia

Israel’s war against Hamas got intensified in the populated regions in spite of the warnings of Europe and America.  On Wednesday, European Union urged Israel to end Rafah offensive “immediately” and warned that continuing it will put heavy strain on the relations between the 2 parties. Blinken says U.S. will not support Israel for the...

Weekly Oil Report: Markets Slowly Rising As Brent Stays Above 82

Oil prices closed low but slightly improved compared to last week. Watch crude oil technical analysis: Click for Special Bitumen Offer China’s oil imports have increased by 5.5% since April 2023. Chinese robust demand is making new sparks in oil markets and it caused Brent futures to record a weekly gain. US government continues SPR...

Weekly Bitumen Report: Market Awaits Oil Direction

Last week, Putin was re-elected as Russia's president for the fifth time and defended Russia's war against Ukraine. America announced that they would stop sending military weapons to Israel if they did not finish their attacks on Rafah. Peace negotiations between Israel and Hamas continued with the USA's optimism, and inflation rate of the European...