World oil prices are changing without a single dynamics on February 20 after Saudi Arabia decided to cut production at the end of last week, although the U.S. continues to increase it. Brent crude, the global benchmark, fell 0.7 percent to $65.24 a barrel on London’s Intercontinental Exchange, West Texas Intermediate (WTI) futures were trading up 0.8 percent at $62.19 a barrel, according to the Wall Street Journal. Oil prices stabilize and gradually recover after a sharp fall at the beginning of the month. Part of this is due to the decision of Saudi Arabia to reduce production in the next month by 100,000 barrels per day in comparison with February and export in March not more than 7 million barrels per day. Saudi Arabia increased production in January by 23,300 barrels a day to 9.977 million barrels a day, according to the latest data of […]