9 December 2025: 16:30 GMT
It’s magnetic! Brent just can’t break away from the low-$60s level. Yesterday’s decline turned into another long sideways march through today’s session, as February Brent meandered slowly before dropping in the afternoon to reach the European close at $61.97/bbl. The curve is also getting a belting, as the prompt spread tumbled to 30c by the close, and Q4 spreads are slipping into contango again! Weakness is the name of the game at the moment, in the North Sea too…
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.
