Venezuelan oil basket climbs to USD 101.31 per barrel
The average oil basket jumped USD 0.75 in relation to last week, and hit USD 101.14 per barrel so far this year
Based on information released on the website of the Ministry of Petroleum and Mining, the oil price was determined by "positive indicators of the Chinese and European economies. The increase is also attributed to a drop in the value of the US dollar with respect to other currencies."
Upon this week's results, the Venezuelan oil basket yearly average price stands at USD 101.14 per barrel.
With reporting by Ender Marcano
Translated by Jhean Cabrera
Yamir Tovar (22) and Luis Fabián (21) were subjected by members of a ‘colectivo' (an armed pro-government gang) in the west Caracas neighborhood of Catia on February 20. Their bodies were found tied up and gagged; they were killed by headshots in execution style.