Venezuelan oil basket rebounds; ends at USD 97.15
Venezuelan oil price climbed (1.34%) after reporting negative results over the last four weeks
The oil basket rebounded USD 1.29 (1.34%) with respect to last week (USD 95.86 per barrel), after reporting negative results over the last four weeks.
The ministry added that oil prices hiked amid lingering concerns early this week over tensions in the Middle East hitting oil supply, and a sudden fall in US oil stocks.
Venezuela's average oil price so far this year hit USD 104.09 per barrel.
With reporting by Ender Marcano
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.