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Shooting for the moon!

Brent surges toward $64 as spreads rally, China snaps up tankers and quotas, and geopolitics keeps crude and freight markets running hot.
Published: January 9, 2026
Written by:
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, Flux
Edward Hayden-Briffett
,
Will Cunliffe

Will Cunliffe

Research Analyst, Flux
Will Cunliffe
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, Flux
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, Flux
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 6
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This market is booming! Hope you weren’t caught short, as Brent bounces towards $64, reaching a post-window high since 8 December. Prompt spread rallied too trading above 60c! Speaking of crude, have a look at ADNOC OSPs in the details!

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