Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Rising Trend Continues in Crude

Oil closed March with over 6% growth. On Friday, Brent closed the week at $86.92 and WTI settled around $83.06. Rally of oil continued to the day before Good Friday. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent price took off after touching 38% Fib level. If the purchasing...

Weekly Bitumen Report: Increase of Positive Signals Affecting Bitumen Price

In a report, Oil price stated that "In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher".On Thursday, the oil price was still reported in the range of 86 USD per...

Weekly Oil Report: Strong Demand Projections Boosting Positive Sentiment

Oil hiked above $ 80 after 4 months. On Friday, Brent closed the week at $85.52 and WTI settled around $80.74. Watch crude technical analysis and comment your ideas:Bullish sentiment could override the tense zone to start a new rising leg. New high and low are shown on the chart. Since the zone was properly...

Weekly Bitumen Report: Shadows of Crude Oil Surge on Bitumen Markets

US Secretary of State travelled to the Middle East to negotiate for the potential proposals of Gaza's security management after the war. His talks will be focused on “an architecture for lasting peace” in his meetings with the leaders of Saudi Arabia and Egypt. At the same time, Russia’s election commission announced that Putin was...

Weekly Oil Report: Bullish Sentiment in Favour of Crude and Commodities

After 4 weeks, oil finally broke the rangebound. Brent closed the week at $85.26 and WTI settled around $80.97. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer On Wednesday, bullish sentiment broke out in oil markets due to an increasingly stronger demand outlook. Brent has climbed above 85 USD for...

Weekly Bitumen Report: Raise of Positive Signals in the Market

In his recent remarks, Joe Biden, the president of USA, clearly criticized the performance of Benjamin Netanyahu, the prime minister of Israel. He declared that Netanyahu's disregard for "innocent lives" is "hurting Israel”. A few days ago, and in the annual congress of America, Biden stated that the US military would set up the pier...

Weekly Oil Report: Positive Trade Data Stimulating Energy Demand

Oil prices stick to the rangebound. Brent closed the week at $81.82 and WTI settled around $77.78. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Weekly candles recorded about 1% of loss despite positive economic reports. Obviously, the price is moving rangebound between two boxes in red and blue. Since...

Weekly Bitumen Report: Positive Economic Signals in China and America

By the decisive victory of Donal Trump in Super Tuesday 2024, it became almost clear that Joe Biden will be his main competitor in the next presidential election of America and gold price reached its highest level in the history accordingly. The City Group analysts believe that gold market will show a positive performance within...

Weekly Oil Report: March Bears Two Important Events

On Friday, Brent closed the week at $83.33 and WTI settled around $79.75. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Oil prices climbed above 80 but it didn’t last long to break the rangebound. The sentiment is more bullish but it hasn’t overcome the uncertainty yet. The weak economic...

Weekly Bitumen Report: Strong Export Pressures in Iran

The 7th Gas Exporting Countries Forum (GECF) Summit is being held in Algeria while the world geopolitical incidents have made changes in the dynamics of global markets of energy. Israel’s war in Gaza, continuation of Houthi attacks to the commercial vessels in the Red Sea and Gulf of Aden led to the route changes of...