International oil prices fell marginally during Wednesday's trading, coinciding with the OPEC + announcement to maintain oil production policy, and amid anticipation of the release of US inventory data later today. .
The OPEC + group agreed to fix the current oil production policy without change during the next month, according to which oil production will be increased by 400,000 barrels per day.
The White House welcomed coordination with Saudi Arabia, the UAE, and the OPEC + group to confront price pressures, and welcomed the group's decision to continue production increases to support economic recovery.
In terms of today's trading, the futures contracts for the benchmark Brent crude for March delivery fell by 0.15%, or the equivalent of $0.12, to reach $79.88 a barrel.
The US NYMEX Intermediate crude contracts for February delivery also fell 0.17%, or the equivalent of $0.13 at the level of $76.86 a barrel.
