Venezuelan oil basket rebounds to USD 103.16
The Venezuelan annual oil basket price averages USD 101.73 per barrel
"Most oil prices went down this week amid concerns over the global economy. However, geopolitical tensions in the Middle East and North Africa, as well as the release of positive economic indicators in the United States and China supported the market," the ministry said.
In the wake of the results obtained this week, the Venezuelan yearly oil basket price averages USD 101.73 per barrel.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.