ESPACIO PUBLICITARIO
CARACAS, Friday November 30, 2012 | Update
 
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HYDROCARBONS

Venezuelan oil basket slumps USD 97.10

The Venezuelan crude oil shed five cents

In the week of November 26-30, the Venezuelan oil price slid a bit (File photo)
EL UNIVERSAL
Friday November 30, 2012  12:24 PM

The Ministry of Petroleum and Mining has reported that the Venezuelan oil basket slipped back five cents (0.05%) from USD 97.15 last week.

The Ministry posted on its Tweeter account that during the week the prices of hydrocarbons were virtually steady, as the market focused its attention on the agreement on the financial aid to Greece and the talks at the US Congress to prevent the so-called fiscal precipice.

To date, the Venezuelan oil basket averages USD 103.95 per barrel.
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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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