Saturday 27 February 2021

Venezuelan Crude Drops To US$35

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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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Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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Article originally appeared at Today Venezuela Click here to go there!

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