A US$2.60 drop from the previous week
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.
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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.”
Article originally appeared at Today Venezuela Click here to go there!
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