Venezuelan oil basket rebounds to USD 103.16

The Venezuelan annual oil basket price averages USD 101.73 per barrel

The oil basket jumped almost two dollars with respect to last week (File photo)

EL UNIVERSAL

Friday January 25, 2013 12:24 PM

Venezuelan oil basket ended this week at USD 103.16 per barrel, jumping almost two dollars with respect to last week, when the oil basket averaged USD 101.25 per barrel, the Ministry of Petroleum and Mining informed on Friday.

"Most oil prices went down this week amid concerns over the global economy. However, geopolitical tensions in the Middle East and North Africa, as well as the release of positive economic indicators in the United States and China supported the market," the ministry said.

In the wake of the results obtained this week, the Venezuelan yearly oil basket price averages USD 101.73 per barrel.

Translated by Jhean Cabrera

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