CARACAS, Friday October 10, 2008 | Update
Economy
The price of the Venezuelan oil barrel ended this week at
81.78, following a decline of almost USD 10, compared to last
week, when oil prices closed at USD 91.54.
The USD 9.76 shrinking in one week was mirrored on Friday
afternoon on the official website of the Ministry of Energy
and Petroleum.
So far this year, the Venezuelan oil barrel averages USD
101.33.
"Oil prices continue decreasing mainly caused by the winding
up of contracts in the oil future market in view of the fear
about the US financial crisis affecting the world oil demand,"
stated the Ministry.
04:17 PM. Western Hemisphere. "Damned empire; I curse you one thousand times; some day you will be finished off and wrecked. I curse you one thousand times, empire." This is the least that President Hugo Chávez has uttered to refer to the US government. In urging the Bolivarian Armed Forces to prepare for war, he said that a US raid on Venezuela through Colombia would trigger and spread over the region "the 100-year war."