10 Aug 2026

07:46

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Home Blog CPC Cuts Fail to Lift Brent as Saudi Pricing Undercuts Rally

CPC Cuts Fail to Lift Brent as Saudi Pricing Undercuts Rally

codarx

codarx

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Update date: 2025/12/05

Oil prices remained stuck in a narrow range this week, with Brent hovering around $63 per barrel. Friday, December 05, 2025 Oil prices remained rangebound this week, with ICE Brent still hovering around $63 per barrel, as the markets digested news of higher Russian oil export loadings in December and potential military action in Venezuela. On the physical side, the curtailment of Kazakhstan’s CPC Blend exports has been the main bullish factor, however its effect was largely offset by Saudi Arabia’s weak pricing into January, indicating…

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