Venezuelan oil basket up 1.64%; ends at USD 108.75
The Venezuelan oil barrel spiked USD 1.76 this week
"Oil prices continue their upward trend this week amid favorable economic information from China and the US, geopolitical tensions in the Middle East, and the weakness of the US dollar with respect to the euro," the ministry posted on its website.
Consequently, the Venezuelan oil basket annual average price stands at USD 104.04 per barrel.
Translated by Jhean Cabrera
At the recent UN climate summit President Nicolás Maduro gave a speech on global warming highlighting the fact that "Capitalism has ignored over decades nature's capacity to load and recover," and, accordingly, "if we want to change climate, we need to change the system."