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- Fuel and Freight Daily Update - 12/8/25
12/20/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from December 4th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Jan) | $60.08 | ▲ 0.41 |
Brent Final Day (Feb) | $63.75 | ▲ 0.49 |
RBOB (Jan) | $1.8341 | ▲ 0.0070 |
ULSD (Jan) | $2.3629 | ▲ 0.0592 |
Ethanol CU (Dec) | $1.6450 | ▼ 0.0250 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Feb) | $34.20 | ▲ 1.63 |
RB/Brent (Feb) | $13.36 | ▼ 0.16 |
HO/WTI Crack (Jan) | $39.16 | ▲ 2.08 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C71): -15.75
Jet Fuel 54g (C71): -25.75
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0975 | ▲ 0.0125 |
D4 (Biodiesel) | $1.1550 | ▲ 0.0100 |
D5 (Advanced) | $1.1450 | ▼ 0.0075 |
D3 (Cellulosic) | $2.3890 | ▲ 0.0003 |
Freight Market Summary
Clean Tankers
The clean‑product tanker market remains soft. Prompt tonnage — especially from the U.S. Gulf — continues to outpace cargo demand. Export flows remain modest and are not sufficient to clear the surplus.
Owners are increasingly discounting to secure stems; spot rates remain under pressure. Market sentiment is subdued as demand shows little sign of pickup heading into winter.
Crude Tankers
Long‑haul crude freight continues to hold onto structural support. Many VLCCs and large crude carriers remain tied up on extended voyages or reroutes, keeping available tonnage constrained.
While new cargo fixtures are moderate, the tightened capacity base continues to support a stable rate floor for long‑haul crude shipments.
LNG Shipping
The Atlantic LNG freight market remains firm. Vessel supply is tight, and with winter demand rising, charterers are booking forward cargoes aggressively.
Voyage durations are extended due to seasonal scheduling and demand spikes, which is reinforcing strong freight levels. Owners maintain leverage.
Dry Bulk & General Shipping
The dry‑bulk and container markets remain mixed. Some bulk commodity lanes see modest activity, but broader container and general-cargo flows continue to struggle due to uneven demand globally. Rate pressure persists on many standard cargo routes.
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