Thus, the cost of the barrel rose 2.52 yuan (0.36 dollars) compared to the price established last Friday of 384.24 yuan (54.56 dollars).
In response to U.S. financial sanctions against the South American nation, the government announced in September 2017 that it had stopped using the U.S. currency as the reference currency for the price of its oil.
Early this week, the official bulletin of the Organization of Petroleum Exporting Countries (OPEC) announced that Venezuela managed to stop the fall of its oil production despite the tightening of the economic blockade of Washington.
According to the report, the South American nation shows a sustained level of oil production for the fourth consecutive month.
The report reveals the stability achieved both in the levels delivered directly by the Bolivarian Government and in the data compiled by its official sources.
Official statistics detail that at the end of July, Venezuela produced 734,000 barrels of crude, a figure similar to that produced during the previous three months.
These results are in line with the stability achieved by OPEC, which during the same period placed close to 29,830,000 barrels per day on the world market.
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