Venezuelan oil basket soars 1.7%; ends at USD 104.92
Optimism about the global economy spurred by USD 1.76 the oil price
"Optimism over the global economy and concerns over supply in the Middle East due to geopolitical tensions boosted oil prices this week," explained the ministry in its website.
Consequently, the Venezuelan oil basket averaged USD 102.25 per barrel in January.
Translated by Jhean Cabrera
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.