World oil prices have skyrocketed. Saudi Aramco, the national oil company of Saudi Arabia, announced an increase in oil prices from March after Brent oil prices exceeded $90 per barrel.

The company will raise the price of the oil it sells to US buyers by 30 cents a barrel, while European buyers will pay between 70 cents and $2.30 a barrel.

The price per barrel of oil shipped to the countries of the Far East increased by 30-70 cents.

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