Venezuelan Crude Price
Rises to us$65.79 per
Barrel
The Venezuelan crude oil
closed at us$65.79
dollars per barrel, for
an increase of us$1.92
dollars compared to the
previous week.
The ministry of Energy
and Oil explained in its
weekly report that
average prices of the
international reference
crudes were quoted at
their highest prices in
the last 10 months.
The oil basket of the
Organization of
Petroleum Exporting
Countries (OPEC) went up
by 1.82 dollars and
closed at 69.20 dollars
per barrel this week.
The West Texas
Intermediate (WTI) crude
of reference in the
United States passed
from 68.93 to 71.28
dollars, while the North
Sea Brent quality
(Europe), went up 2.20
dollars when it closed
this Friday at 72.95
dollars per barrel.
According to Venezuelan
analysts, this
performance obeyed
basically to the concern
about Nigerian supplies,
due to heightened
violence in that African
nation.
Expectations about a
higher gas demand in the
United States and
problems in some
refineries also had an
impact on the oil price
hike registered this
week. |
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