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CARACAS, Friday January 11, 2013 | Update
 
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HYDROCARBONS | From USD 100.56

Venezuelan oil basket climbs to USD 101.31 per barrel

The average oil basket jumped USD 0.75 in relation to last week, and hit USD 101.14 per barrel so far this year

Venezuelan oil basket rebounded 0.74% (File photo)
EL UNIVERSAL
Friday January 11, 2013  12:17 PM
Venezuelan oil basket rebounded 0.74% (USD 0.75) with respect to last week (USD 100.56) and stood this week at USD 101.31 per barrel.

Based on information released on the website of the Ministry of Petroleum and Mining, the oil price was determined by "positive indicators of the Chinese and European economies. The increase is also attributed to a drop in the value of the US dollar with respect to other currencies."

Upon this week's results, the Venezuelan oil basket yearly average price stands at USD 101.14 per barrel.

With reporting by Ender Marcano

Translated by Jhean Cabrera
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