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CARACAS, Aug 16 (Reuters) - Venezuela's President Nicolas Maduro said on Tuesday oil at $70 per barrel would be a balanced price and help the global financial situation.
Venezuela's foreign minister and oil minister are currently on tour of OPEC and non-OPEC oil producers seeking a global cut in production to boost prices. Cheap oil in recent years has hit the economy of high-spending Venezuela very hard. (Reporting by Diego Ore)