ESPACIO PUBLICITARIO
CARACAS, Friday November 09, 2012 | Update
 
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HYDROCARBONS

Oil basket shrinks USD 1.18 in a week

Venezuelan oil basket closed at USD 96.38 per barrel this week

Ministry of Petroleum and Mining reported drop in Venezuelan oil basket price (File photo)
EL UNIVERSAL
Friday November 09, 2012  01:24 PM

Venezuelan oil basket closed at USD 96.38 per barrel this week, slipping USD 1.18, Venezuela's Ministry of Petroleum and Mining reported.

"This week, crude oil prices were impacted by persistent uncertainty over the global economy and its effects on oil demand, higher commercial inventories in the United States, and a stronger US dollar versus the euro," the ministry informed.

The yearly oil basket averages USD 104.45 per barrel.

Translated by Jhean Cabrera
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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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