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.
"Cocoa is to Venezuelans what wine is to the French," says Alejandro Prosperi, head of the Venezuelan Chamber of Cocoa, using this simile to express the paramount importance or the cocoa industry for the country. Often times heralded as "the best cocoa in the world," a passion for quality dating back to the sixteenth century has made Venezuelan cocoa growers to enjoy high prestige at international level and their product to be among the most sought-after in the world.