Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Geopolitical Tensions Keep Markets on Edge

On Friday, Brent oil closed at $78.65 and WTI settled around $73.39. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer For the 5th consecutive week, Brent struggled with 82 USD per barrel. The strong quarterly pivot point wouldn’t be broken with the current purchasing power unless it has a sudden...

Weekly Bitumen Report: The Middle East Unrest Shadows on Energy World

On the 100th day of Israel- Qaza war, the region witnessed the most severe air strikes. Meanwhile, the Houthi attacked another commercial ship on Tuesday. In response, America launched an attack on some of the Houthi positions in Yemen.Also, on Tuesday, Iran launched missile attacks on some regions of Iraq, Syria, and Pakistan. It is...

Weekly Oil Report: New Tensions of the Middle East Affecting Crude

On Friday, Brent oil closed at $78.35 and WTI settled around $72.74. Watch crude technical analysis and comment your ideas: https://youtu.be/ZT-6AdDG6yg?si=v113YH2lVSws4_pT Click for Special Bitumen Offer Brent failed to pass 82 once again. The sudden rise of the price couldn’t overcome the MA 50 while leaving a long shadow. The sentiment turned extremely bearish at...

Weekly Bitumen Report:  Bitumen Price is Struggling to Rise

The United Nations Security Council passed a resolution on Wednesday, demanding the Houthi to immediately stop their attacks on commercial ships in the Red Sea and release Galaxy Leader and its crew who were kidnapped on November 19 by Houthi. Houthi stated that the attacks would be going on its attacks to the Red Sea...

Weekly Oil Report: Re-Heated Geopolitical Tensions Slightly Supported the Market

On Friday, Brent oil closed at $78.81 and WTI settled around $73.89. Watch crude technical analysis and comment your ideas: https://youtu.be/UdXpbTrr62c?si=1UvjULu1bjBZzmgd Click for Special Bitumen Offer Crude oil is set to close out with a small gain in the first week of 2024. None of the major supports or resistances got violated yet and there...

Weekly Bitumen Report: Hope for a Promising Business Year

In the first week of January 2024, the largest prisoner swap took place between Ukraine and Russia while approaching the third year of this war. At the same time, the heaviest missile attacks were observed by both parties. Hamas- Israel war is passing its third month and Houthi attacks continue, even the USA coalition did...

Weekly Oil Report: A Look At 2023 for Commodities

2023 was not the year of oil. On the last day of the year, Brent oil closed at $77.04 and WTI settled around $71.29. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent's highest record was roughly $ 100 and couldn’t even touch 2022’s records. 71 dollars withstand the price...

Weekly Bitumen Report: 2023 Ended with a Heavy Recession in the Bitumen Market

During the last week, the missile attacks of Houthi on commercial ships continued and naval warships of different countries were sent to the Red Sea to guarantee the security of this region. In the meantime, tension among other countries in the Middle East rose too. The mortality rate in Qaza reached over 20K people and...

Weekly Oil Report: War Risks Threatens Global Trade

On Friday, Brent oil closed at $78.87 and WTI settled around $73.39. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer The weak movement of crude oil continued to the last week of 2023. Although the price increased to 80 it didn’t get to break the quarterly pivot point. Price is...

Weekly Bitumen Report: Marine Crisis and its Effects on Crude Oil

By the attacks of Houthi of Yemen to the commercial ships in the Red Sea, worries about the rise in crude oil prices have increased. On Friday, 15 December, brent Crude Oil was traded at 75 USD per barrel while it reached over 79 USD on 21 December. As a result of these attacks, four...