CARACAS, Friday November 23, 2012 | Update

Venezuelan oil basket rebounds; ends at USD 97.15

Venezuelan oil price climbed (1.34%) after reporting negative results over the last four weeks

Prices increased by USD 1.29 this week (File photo)
Friday November 23, 2012  03:25 PM
Venezuela's oil basket ended on Friday at USD 97.15 per barrel, the Ministry of Petroleum and Mining informed through its Twitter account.

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
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fotter Estampas