Venezuelan oil basket rebounds; ends at USD 97.15
Venezuelan oil price climbed (1.34%) after reporting negative results over the last four weeks
The oil basket rebounded USD 1.29 (1.34%) with respect to last week (USD 95.86 per barrel), after reporting negative results over the last four weeks.
The ministry added that oil prices hiked amid lingering concerns early this week over tensions in the Middle East hitting oil supply, and a sudden fall in US oil stocks.
Venezuela's average oil price so far this year hit USD 104.09 per barrel.
With reporting by Ender Marcano
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.