Venezuelan oil extends its rally, climbs to USD 98.02
The Venezuelan oil basket pooled eight weeks with downward prices
Venezuelan Ministry of Petroleum and Mining reported that Venezuelan oil averaged USD 98.02 per barrel the week of December 17-21, 2012.
The price recovered for the first time after eight weeks in a row down the hill. Last week, it finished at USD 95.64 per barrel.
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.