Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Mixed Sentiments Linger in Markets

On Friday, Brent oil closed at $81.61 and WTI settled around $77.31. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Bears took over crude oil for the third consecutive week. The market has a mixed sentiment at the moment. Considering the broken resistance, it is possible to see a slight...

Weekly Bitumen Report: Oil Price Orientation, Determining Factor of Bitumen Market

After more than 1 month of war in the Middle East, which led to numerous human casualties for both sides (over 12,000 people), severe consequences of the war were seen in the energy world.By the start of this war, crude oil prices reached over 90 USD, and it was even predicted to see the level...

Weekly Oil Report: Entanglement of Political and Economic Factors

On Friday, Brent oil closed at $85.12 and WTI settled around $80.83. Watch crude technical analysis and comment your ideas: https://youtu.be/IQrS7XA7RHU?si=ckTNqNU3Z5CRSEdy Click for Special Bitumen Offer Another fall in the price is bringing more uncertainties for traders but it hasn’t broken the previous lows yet. This is actually making traders more confused. The weekly candle...

Weekly Bitumen Report: Contraction and Confusion in Market Signals

The financial and oil markets in the world have faced confusion as a result of humanitarian crisis and Middle East war and international attempts to relieve this crisis.On one hand, the World Bank warned that the current crisis can encounter the world with 3 scenarios of "minor disruption", "medium disruption", and "major disruption" and in...

Weekly Oil Report: Unclear Fate of Tensions Makes More Uncertainties

On October 27, Brent oil closed at $88.77 and WTI settled around $85.11. Watch crude technical analysis and comment your ideas: https://www.youtube.com/watch?v=I2XdiHpRQU0 Special Bitumen Offer Market sentiment has been shifting daily based on the tensions and news. Traders are deep in confusion. While big financial organizations are talking about 3-digit numbers for oil, it recorded...

Weekly Bitumen Report: Shock in Iran’s Market

On Wednesday, and after 2 days of decreasing trend of crude oil prices, it did not face any considerable changes as the worries about fall of demand in Europe neutralized the concerns of supply disorders in the Middle East as a result of war between Israel and Hamas in Qaza and crude oil future quotes...

Weekly Oil Report: Prices Rising Under the Shadow of Intensifying War

On October 20, Brent oil closed at $92.32 and WTI settled around $88.28. Watch crude technical analysis and comment your ideas: Special Bitumen Offer The Middle East geopolitical tensions sent crude oil higher for the second week. The price is above 50 MA and the purchasing power is rising. Brent is reaching a strong resistance...

Weekly Bitumen Report: Continuation of Tension in the Middle East and Rally of Price Increase

By the commencement of the war in the Middle East at the end of last week, the global index of Brent crude oil price increased 4.1% on Monday, 16 October in the initial deals of Asia and reached the high level of 88.15$ per barrel. However, the record of 97.69$ on 28 September has not...

Weekly Oil Report: Middle East Tensions Shaking the Markets

On October 13, Brent oil closed at $90.90 and WTI settled around $87.68. Both crude benchmarks headed for a gain this week. Watch crude technical analysis and comment your ideas: https://youtu.be/_hc7j5w-wqQ?si=WjgD_fWJ7RSgOqoP Special Bitumen Offer Prices started soaring on Monday due to the Hamas-Israel war. It actually pushed the prices to open with a 2-3 dollar...

Weekly Bitumen Report: How Might Israel- Hamas War Affect Bitumen Market?

On Saturday, 7 October, all the equations and balance of powers in the Middle East were disrupted by the attack of Hamas on Israel. The attacks had serious impacts on the world, not only the region. The first impact was the surge of crude oil prices within the last days as the significant military conflicts...