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
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.