The decline was due to fears of a slow recovery in the US economy
The price of the domestic oil basket dropped USD 2.39 and ended the week at USD 65.17, the Ministry of Energy and Petroleum reported.
The fall in prices was due to lingering fears over a slower recovery of the United States economy and the strengthening of the US dollar versus other currencies, the Ministry said in its report.
The Venezuelan oil basket averages USD 69.60 in 2010. This means that there is a USD 29.60 surplus compared to price estimates set in this year's budget (USD 40).
Dossier
Loose ends
Two years later, subsequent to the bank interventions that affected 14 private institutions, Public Prosecutor Office maintains investigations open, these concern the public funds that ended up at some of those organisms and were utilized in shady financial operations, this is included among the accusations held by the Public Ministry against some bankers.
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