The Venezuelan petroleum export basket, which includes crude oil and refined products, closed the week at $72.80 per barrel, hitting a four-year low due to concerns about oversupply and softer demand growth, the Oil Ministry said on Friday.
The OPEC country's basket trades at a discount to other benchmarks because of its higher content of heavy oil.
(Reporting by Diego Ore; Editing by Marguerita Choy)
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February 2024
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