22 December 2025: 16:30 GMT
The market hadn’t moved since Wednesday, but it decided to go up today, reaching a peak of $62.16/bbl, +2.7% on the day! And the prompt spread climbed all the way to 50c – on Friday morning we were down at 28c! We just hope you weren’t one of those shorts! As of December 16, positioning of non-commercial accounts in Brent futures and options reached a record high short! Some snap back becomes almost inevitable when positioning becomes so concentrated.
The Officials publish outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which are published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.
