6 January 2026: 16:30 GMT
The worries about Israel-Iran boom boom this morning had flat price up to over $62 again for the first time since 30 Dec. It went mainly sideways through the late morning and early afternoon, before plunging just before 15:00 GMT, tumbling to $61.60/bbl by the European close. Back to square one, more or less where we began today’s session. Despite that hit to flat price, the prompt spread was stubborn and unwilling to relinquish the gains it made today, holding at 44c at the close.
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.
