Saudi Arabia’s crude exports slipped to 6.988 million barrels per day in December, a three‑month low, even as production rose to about 10.084 million bpd, the highest since April 2023, according to JODI data. The shift suggests stronger domestic or inventory demand and adds a mildly supportive backdrop for global benchmarks Oil – Brent Crude and Oil – US Crude as markets assess supply discipline ahead of upcoming OPEC+ meetings.
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Over the past month, Brent has advanced about 10.22%, while U.S. crude is up roughly 9.86%, reflecting tighter supply expectations and a firmer risk tone in energy markets. On a 1‑day basis, technical models point to a Strong Buy signal for Brent and a Strong Buy for WTI, indicating short‑term momentum remains skewed to the upside despite ongoing macro and geopolitical uncertainties.
Investors can explore more updates, prices, and analysis across global markets at Commodities.