Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Bullish Sentiment Wears Off

On Friday, Brent oil closed at $76.86 and WTI settled around $71.74. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer In mid-December, Brent closed higher after 7 consecutive falling weeks. The movement is slow with no sign of trend change. A strong resistance is awaiting the price on 79 while...

Weekly Bitumen Report: The Shadow of Sudden Fall of Crude Oil

Israel- Hamas war that started on 7 October is passing its worst bloody days so that President Biden clearly criticized Israel. However, the situation has not changed in the region yet. On December 12, the Houthi movement of Yemen announced that they had missile attack on Norway-flagged tanker of STRINDA to show their objections to...

Weekly Oil Report: Fears of Recession Erupts in Commodities

On Friday, Brent oil closed at $75.84 and WTI settled around $71.20. Watch crude technical analysis and comment your ideas: https://youtu.be/Mm_OzO6nf48?si=NY2JTQwQa1xn3z_e Click for Special Bitumen Offer Crude oil shocked the market with the 7th consecutive month of falling. While most traders didn’t expect a sharp drop in the first week of December, the fear of...

Weekly Bitumen Report: Heavy Recession in the Ending Days of 2023

Vladimir Putin, Russia’s president, traveled to the United Arab Emirates and Saudi Arabia unexpectedly. It seems that the wars of Ukraine and Qaza, and oil production are the matters that he has plans for negotiations with the leader of UAE. Right now, UAE is hosting the Climate Summit of COP 28 by the United Nations....

Weekly Oil Report: Complexity Rising at the End of 2024

On Friday, Brent oil closed at $79.10 and WTI settled around $74.34.Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer November closed lower and recorded the second falling month of oil. The purchasing power is weak and it is trapped between a quarterly and a monthly pivot. Usually, the market doesn’t...

Weekly Bitumen Report: The Fundamental Improvement of Crude Oil Price and Possibility of Positive Changes in the Market

The temporary ceasefire between Israel and Hamas started last Friday, and it continued. Both parties released more captives during this time. These fragile conditions did not help the humanitarian crisis and economic situation of the world significantly, but at least the number of daily victims decreased. In the meantime, crude oil prices were raised because...

Weekly Oil Report: Sluggish Movement of Markets

On Friday, Brent oil closed at $80.10 and WTI settled around $75.13. Watch crude technical analysis and comment your ideas: https://youtu.be/3FtwTOKt7AI?si=DUFc09yAt726dOb- Click for Special Bitumen Offer Oil ended up falling for the for the 5th consecutive week. Trading activity slowed down because of the US Thanksgiving holidays, leaving the weekly candle with long shadows and...

Weekly Bitumen Report: Continuous Recession and Confusion

Oil prices experienced a smooth trend until Wednesday, 22 November, before Thanksgiving day and before the start of the OPEC+ meeting. But on Wednesday, the oil price dropped around 4% because of the postponement of the OPEC+ meeting that was supposed to be held on 25 and 26 November. On Wednesday, Bloomberg reported that the...

Weekly Oil Report: Shocks of Weak Economic Data in Crude and Petroleum Products

On Friday, Brent oil closed at $80.55 and WTI settled around $76.05. Watch crude technical analysis and comment your ideas: https://youtu.be/JsHzYrwXCJU?si=h6csiy-VHpbXBEG4 Click for Special Bitumen Offer Brent, as mentioned in the last episode, pulled back and continued falling. The weak economic data and the decline of US treasury yield suppressed the oil markets on Thursday....

Weekly Bitumen Report: Recession in the Market

While Qaza war is still going on with its numerous human casualties, different markets experience unstable conditions as a result of daily changes in the region. According to Oilprice, crude oil recoded its third weekly drop within this week and caused more worries regarding the reduction of demand and its replacement with the fear of...