It is reported that Saudi Arabia, the world’s top oil exporter, has decided to reduce its oil production and accordingly, it has decided to reduce the production of crude oil by another one million barrels per day from July.
With this decision, the price of a barrel of oil will be higher than the US dollar from Sunday, according to which a barrel of Brent crude oil was US$ 77.64, and it will increase by US$ 1.51 or 2% in the future.