Venezuelan oil basket down 0.56% to USD 97.56
As hurricane Sandy hit the United States, crude oil demand declined, along with oil prices. The Venezuelan oil basket slipped USD 55 cents
Most crude oil prices declined as hurricane Sandy lashed out at the US east coast this week. Since refineries were shut down, crude oil demand fell.
Despite this week's decline in oil prices, the Ministry of Petroleum and Mining did not report variations in the annual average price of the Venezuelan crude oil, which remained unchanged at USD 104.79 per barrel.
With reporting by Ender Marcano
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."