Venezuelan oil basket falls to USD 95.86
The country's oil basket is down for the forth consecutive week. It slipped 0.5%
The average price of oil in 2012 is USD 104.24 per barrel.
The ministry explained, "Price performance of main oil baskets' was mixed this week amid geopolitical tensions in the Middle East and contradictory news on the global economy."
This week, the OPEC oil basket rebounded USD 1.04 and ended at USD 106.24 per barrel; Brent crude oil rose USD 1.65 reaching the USD 109.46 floor per barrel while the WTI suffered a USD 0.12 setback and ended at USD 85.76 per barrel.
With reporting by Ernesto J. Tovar
At the recent UN climate summit President Nicolás Maduro gave a speech on global warming highlighting the fact that "Capitalism has ignored over decades nature's capacity to load and recover," and, accordingly, "if we want to change climate, we need to change the system."