Venezuelan oil basket up 1.64%; ends at USD 108.75
The Venezuelan oil barrel spiked USD 1.76 this week
"Oil prices continue their upward trend this week amid favorable economic information from China and the US, geopolitical tensions in the Middle East, and the weakness of the US dollar with respect to the euro," the ministry posted on its website.
Consequently, the Venezuelan oil basket annual average price stands at USD 104.04 per barrel.
Translated by Jhean Cabrera
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.