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Oil basket shrinks USD 1.18 in a week
Venezuelan oil basket closed at USD 96.38 per barrel this week
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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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José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."
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