The Cretaceous is among the most unusual eras in the geological past. Geoscience communities have been having great concerns with geological phenomena within this period, for example carbonate platforms and black shales in the Early and Middle Cretaceous respectively, during the last decades. But few people have paid any attention to the set of pelagic redbeds lying on the black shales, not to mention the applications to paleoclimatology and paleoceanography. It is shown by the sedimentary records of redbeds, that they were deposited around the CCD, with both a higher content of iron and much lower concentrations of organic carbon, which implies conditions with a relatively high content of oxygen. Such redbeds occurred in the global oceans, mainly in the Tethyan realm, with different durations of deposition and a climax from the late Santonian to early Campanian. Global cooling and dramatic changes in ocean currents might help to increase the oxygen flux between the atmosphere and ocean, after the large scale organic carbon burial during the Middle Cretaceous, and therefore lead to the oxygenation of deep ocean and so the occurrence of late Cretaceous oceanic redbeds.