Monday, February 3, 2014

Venezuela Oil Price Jumps Higher

Venezuela's weekly oil basket stayed below the country's desired $100 a barrel floor but jumped higher for the second week in a row.  According to figures released by the Venezuela Ministry of Energy and Petroleum, the average price of Venezuelan crude sold by Petroleos de Venezuela S.A. (PDVSA) during the week ending January 31 was $97.18, up $1.13 from the previous week's $96.05. More...

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