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The Venezuelan oil basket was quoted this week at 460.10 yuan per barrel, an increase of 17.3 yuan (3.1%) from the 443.46 recorded the previous week. With a base exchange rate of 6.7129 yuan to the dollar, the basket averaged $ 66.06 per barrel. So far this year, Venezuelan crude averages 401.64 yuan per barrel
Meanwhile, the reference basket of the Organization of Petroleum Exporting Countries (OPEC), whose Venezuela is a founding member, recorded low of $ 3.48 and closed the week at $ 71.04.
?? @MinPetroleoVE presents below the Petro price corresponding to July 30, 2018. ? https://t.co/1vQqnOOWJX pic.twitter.com/wmpM3FUmL4 [19659002] – Min PP Petróleo (@MinPetroleoVE) July 30, 2018
The price of West Texas Intermediate (WTI), a benchmark price in the United States, fell slightly by $ 3.42. the European Brent score went from 76.38 to 72.96 dollars, a decrease of 3.42 dollars. Similarly, the price decline is related to the discussion on the release of the US Strategic Oil Reserves (SPR).
Digital Press MippCI
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