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Oil prices could rise worldwide as Saudi Arabia announces cut of 500,000 barrels daily

Por: New York Post Business April 03, 2023

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DUBAI, United Arab Emirates (AP) — Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023, a move that could raise prices worldwide. Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay even higher prices at the pump amid inflation fueled in part by that conflict. It was also likely to... + full article



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