Venezuelan oil basket up USD 106.99
In a week it shot up USD 2.07, according to data supplied by the ministry
Last week rebound stood for USD 1.97%, as in the previous week, the Venezuelan oil basket was traded at USD 104.92 per barrel.
"The prices of most crude oils ended the week upwards mainly due to optimism as to the performance of the global economy and geopolitical strained situation in the Middle East," the ministry broke down.
Thus far this year, the Venezuelan crude oil basket averages USD 103.20 per barrel.
Ever since last March 9, when US President Barack Obama issued an Executive Order declaring Venezuela an "unusual and extraordinary threat" to the United States, the Venezuelan government has screamed denunciations of supposed plans of invasion or military incursion by the United States.