Venezuelan oil down to USD 107.09 per barrel
The Venezuelan oil basket reported a USD 1.66 drop per barrel in February 18-22
The result represents a 1.5% drop (USD 1.66) in the oil price per barrel after four weeks of soaring prices.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.