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- Fuel and Freight Daily Update - 12/5/25
12/19/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from December 4th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Jan) | $59.67 | ▲ 0.72 |
Brent Final Day (Feb) | $63.26 | ▲ 0.59 |
RBOB (Jan) | $1.8271 | ▼ 0.0001 |
ULSD (Jan) | $2.3037 | ▲ 0.0029 |
Ethanol CU (Dec) | $1.6450 | ▼ 0.0250 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Feb) | $32.57 | ▼ 0.48 |
RB/Brent (Feb) | $13.52 | ▼ 0.56 |
HO/WTI Crack (Feb) | $37.09 | ▼ 0.61 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C70): -14.90
Jet Fuel 54g (C71): -26.25N Futures - Dec26
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.1100 | ▼ 0.0075 |
D4 (Biodiesel) | $1.1650 | ▼ 0.0075 |
D5 (Advanced) | $1.1525 | ▼ 0.0125 |
D3 (Cellulosic) | $2.3887 | ▼ 0.0228 |
Freight Market Summary
Clean Tankers
Still under pressure. Export activity remains modest and insufficient to draw down the excess of prompt tonnage. Owners continue offering discounted rates, and sentiment remains soft as we head deeper into Q4.
Crude Tankers
Stable and structurally supported. A number of VLCCs are tied up on long-haul routes, reducing available capacity. While demand isn’t surging, the reduced supply is helping to maintain a floor on rates.
LNG Shipping
Tight and firm. Winter seasonality is keeping charterers active and spot rates elevated. Limited vessel supply continues to support bullish sentiment in the Atlantic Basin.
Dry Bulk & General Freight
Still mixed. Bulk demand is steady in some segments, but container and general cargo lanes are facing softness due to uneven global trade and excess capacity.
Overall Takeaway
Clean-product tankers are battling oversupply, while crude and LNG continue to benefit from structural constraints and seasonal demand. Without a surge in volumes, clean freight markets may remain weak into December.
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