Venezuelan oil basket slumps USD 97.10
The Venezuelan crude oil shed five cents
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.
Around 1.5 million Venezuelans have decided to emigrate in search of a better future for their families. The figure accounts to between 4% and 6% of the overall population. Approximately 88% of these expatriates have made up their mind to emigrate over the last 15 years.