Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Little Volatilities of Crude Prices

On Friday, Brent closed the week at $81.66 and WTI settled around $76.54. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Oil prices stayed rangebound with minor movements. Market was unable to break the resistance and it fell down slightly. Nothing has changed much compared to last week. The sentiment...

Weekly Bitumen Report: Continuation of Gradual Bitumen Price Increase

The US vetoed the Algerian resolution demanding an immediate ceasefire between Qaza-Israel. In the Security Council, the voting was 13 in favor, 1 abstention (the UK) with the US voting against. This is the third time that the US has vetoed the resolution of the Security Council regarding an immediate ceasefire. In the meantime, a...

Weekly Oil Report: Shadow of Uncertainty and Mixed Sentiment

On Friday, Brent closed at $83.22 and WTI settled around $78.16. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent is still trying to surpass the big red candle recorded at the end of January. The movement is not strong but the purchasing power shows no divergence yet. Price is...

Weekly Bitumen Report: Rapid Growth of Bitumen Price in Europe vs. Slow Growth in Asia

At the fourth month of tensions in the Middle East, Israel launched deadly air raids on Lebanon to retaliate the death of one Israeli solider. In the meantime, Russia-Ukraine war entered its third year and there is still no clear future for it. During the last week and by the start of new year holiday...

Weekly Oil Report: Market Sentiment Keeps Changing

On Friday, Brent closed at $81.91 and WTI settled around $76.54. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer The weekly chart of Brent shows a fine portion of growth but it’s still beyond last week's engulfing candle. If you check the daily chart, the trend has been upward since...

Weekly Bitumen Report: Continuation of Slight Surge in Bitumen Price

Following the visit of America's foreign minister from the Middle East and negotiations for the ceasefire in Qaza Strip, crude oil prices remained unchanged on February 6. However, on Wednesday, crude oil increased up to the range of 79 USD as a result of Israel's disagreement with the proposal of peace between the 2 parties....

Weekly Oil Report: Possibility of Lower Tensions Awakened Bears

On Friday, Brent closed at $77.39 and WTI settled around $72.31. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Once again, uncertainty dumped the bullish sentiment. Right after seeing the highest prices of the last two months, oil suddenly got deep in fundamental confusion. Brent's weekly engulfing candle shows the...

Weekly Bitumen Report: More Increasing Signals in Bitumen Price

Three American soldiers were killed in a drone attack in Jordan and the situation in the Middle East and north of Africa got more complicated. USA decision to compensate this attack raised worries about a wider regional war. As a result, brent crude oil increased up to around 83 US dollars. Ukraine war got thornier...

Weekly Oil Report: Escalating Tensions Turned Sentiment Bullish

Crude oil surged to its highest level since December with Brent closed at $83.10 and WTI around $78.12. Click for Special Bitumen Offer Weak movements of Brent finally ended with about 6% growth in the last week of January. On Friday, it broke through the quarterly pivot point while moving inside a thick Ichi cloud....

Weekly Bitumen Report: Start of Uptrend of Iran Bitumen?

After several weeks of mediation by Qatar and Egypt and with the participation of America for a temporary ceasefire and hostage swap of Hamas and Israel, there has been no progress and there is a high pressure to reach a new agreement and ceasefire. Simultaneously, the crises of the Middle East are getting more complicated...