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.
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.