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- Fuel and Freight Daily Update - 12/9/25
12/20/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from December 8th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Jan) | $58.88 | ▼ 1.20 |
Brent Final Day (Feb) | $62.49 | ▼ 1.26 |
RBOB (Jan) | $1.7981 | ▼ 0.0360 |
ULSD (Jan) | $2.2982 | ▼ 0.0647 |
Ethanol CU (Dec) | $1.6725 | ▼ 0.0275 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Feb) | $33.12 | ▼ 1.08 |
RB/Brent (Feb) | $13.14 | ▼ 0.22 |
HO/WTI Crack (Jan) | $37.64 | ▼ 1.52 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C71): -16.00
Jet Fuel 54g (C71): -28.75
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0975 | (FLAT) |
D4 (Biodiesel) | $1.1550 | (FLAT) |
D5 (Advanced) | $1.1450 | (FLAT) |
D3 (Cellulosic) | $2.3915 | ▲ 0.0025 |
Freight Market Summary
Clean Tankers
The clean‑product tanker segment remains under pressure. In the U.S. Gulf and other export hubs, prompt tonnage continues to outnumber cargo demand. Export flows remain steady but insufficient to clear the backlog.
Owners are still discounting to secure stems, and sentiment remains soft as the market heads deeper into December.
Crude Tankers
Long‑haul crude freight remains structurally supported. Many large crude carriers are tied up on extended voyages or rerouted paths, keeping global crude tonnage tight.
While fresh cargo demand is not strong, the limited availability of vessels is helping maintain rate floors on major long‑haul routes.
LNG Shipping
LNG freight remains firm heading into winter. Vessel supply continues to be constrained, and charterers are booking forward as demand builds.
Voyage durations remain longer due to seasonal routing and winter demand, keeping rates elevated and supporting owners.
Dry Bulk & General Shipping
The dry‑bulk and container market remains mixed. Some bulk segments see modest demand, but container and general‑cargo lanes continue to feel pressure from uneven global trade and surplus capacity. Rate momentum remains uneven across non‑tanker segments.
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