The average price for Venezuela's basket of crudes closed this week at $ 68.71 per barrel, representing an increase of $ 1.53 on your quote of the week before, the energy ministry said in a statement on Friday .
The average price of Venezuelan crude stood at $ 67.69 for the month of August and $ 50.85 so far in 2009.
The energy ministry said the average price of crude ended upwards compared to the previous week, "due to the growing optimism of a possible recovery in global economic activity, fueling energy consumption.
In March, the Venezuelan government revised down the price of oil under the 2009 national budget from 60 to 40 dollars per barrel. The export of crude represents about 90% of Venezuela's foreign exchange earnings.
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