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The price of oil has increased in global markets

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Oil prices have increased in global markets.

The increase in oil prices in global markets is due to Russia’s decision and Saudi Arabia’s actions.

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Oil prices have increased in global markets.English

Today, the price of oil has increased in global markets.

This price increase occurred after a decrease in oil production by Saudi Arabia and Russia.

Russia announced today that it intends to reduce its oil exports by 500,000 barrels. Saudi Arabia has voluntarily reduced oil production and made it operational.

Russia’s attack on Ukraine continues to cause turmoil in the oil market.

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