Venezuelan oil stands at USD 39.60 per barrel



The Venezuelan oil basket this week ended at USD 39.60 per barrel, a USD 15 cents fall from the previous week, when it hit USD 39.75 per barrel.

According to the webpage of the Ministry of Petroleum and Mining, such decrease is due to “concerns over the development of global economy, the large availability of supplies in major consumer centers, and the dollar strengthening.”

Earlier, Minister of Petroleum and Mining Eulogio del Pino ratified that the domestic crude oil averaged USD 31, a figure below USD 44.65 and USD 88.42 in 2015 and 2014, respectively.