The Venezuelan crude oil this week (July 22-29) ended at US$35 per barrel, a US$ 2.60 drop from the previous week (July 18-22), when it hit US$37.60 per barrel.
The information was disclosed on Friday by the website of the Petroleum and Mining Ministry.
According to the official website, such fall is due to pressure exerted on the market by “concerns over high global (oil) supplies and expectations around a slowdown in the world economic growth.”
Since you’re here …… we have a small favour to ask. More people are reading the Today Venezuela than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Venezuela takes a lot of time, money and hard work. But we do it because we believe our reports matter.
If everyone who reads Today Venezuela, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.