Venezuelan oil falls below USD 100 a barrel
The price of the Venezuelan crude oil basket dropped USD 2.48 and ended the week at USD 99.15 per barrel, said on Friday the Ministry of Petroleum and Mining.
The price of Venezuelan oil fell by USD 2.48 from USD 101.63 in May 21-25, said the Ministry of Petroleum and Mining.
During the week that ended on June 1, the prices of major crude oil benchmarks fell, affected by the debt crisis in Europe, disappointing economic data about the US and China economies and strengthening of the US dollar against other currencies.
The annual average price of Venezuelan crude oil is USD 111 per barrel.
The very early morning after the presidential election (April 15), both candidates requested the National Electoral Council (CNE) to conduct a full audit of the process: one, Henrique Capriles, because he asserts that the election results are different from the ones announced, and the other one, Nicolás Maduro, in order to clear any doubt regarding his victory, and to reinforce his political stance. Nevertheless, as it is already known, President Maduro changed his mind.