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- Fuel and Freight Daily Update - 12/4/25
12/19/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from December 2nd, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Jan) | $58.95 | ▲ 0.31 |
Brent Final Day (Feb) | $62.67 | ▲ 0.22 |
RBOB (Jan) | $1.8272 | ▼ 0.0031 |
ULSD (Jan) | $2.3008 | ▼ 0.0119 |
Ethanol CU (Dec) | $1.6700 | ▼ 0.0250 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Feb) | $33.05 | ▼ 0.52 |
RB/Brent (Feb) | $14.09 | ▼ 0.30 |
HO/WTI Crack (Feb) | $37.68 | ▼ 0.81 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C68): -15.50
Jet Fuel 54g (C70): -27.00IS RIN Futures - Dec26
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.1175 | ▼ 0.0095 |
D4 (Biodiesel) | $1.1725 | ▼ 0.0075 |
D5 (Advanced) | $1.1650 | ▼ 0.0025 |
D3 (Cellulosic) | $2.4115 | ▼ 0.0400 |
Freight Market Summary
Clean Tankers
Clean‑product tanker markets remain under pressure. Prompt tonnage supply continues to outpace cargo demand. Export flows remain steady but are insufficient to meaningfully draw down excessed vessels.
With weak demand and persistent oversupply, many owners are offering discounted rates. Market sentiment remains soft as the year draws to a close.
Crude Tankers
Long‑haul crude freight remains structurally supported. Multiple VLCCs and large crude carriers remain tied up on extended or rerouted voyages, tightening global capacity.
While demand isn’t surging, the constrained availability helps keep a floor under long‑haul crude freight rates. Near‑term upside is limited unless demand strengthens.
LNG Shipping
The LNG freight market holds firm heading into winter. Vessel supply remains tight, and voyages continue to be elongated due to seasonal routes and demand.
Charterers are booking forward cargoes as demand picks up, keeping spot rates elevated and owners in a favorable position.
Dry Bulk & General Shipping
Dry‑bulk and container freight remain mixed. Some bulk commodity segments see modest demand, but container and general‑cargo routes continue to face softness. Global trade volumes remain uneven, and rate pressure persists across many standard lanes.
Disclaimer
This article and its contents are provided by Liquidity Energy, LLC ("The Firm") for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC