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From USD 98.11 last week
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
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EL UNIVERSAL
Friday November 02, 2012 03:59 PM
The Venezuelan oil basket ended at USD 97.56 per barrel this week, slipping USD 55 cents (0.56%), the Ministry of Petroleum and Mining reported.
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
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
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