Venezuelan crude prices drop to near four-year low

viernes 24 de octubre de 2014 13:17 GYT

CARACAS Oct 24 (Reuters) - The Venezuelan petroleum export basket, which includes crude oil and refined products, dropped on Friday to $75.90 per barrel, its lowest level in nearly four years due to oversupply concerns.

The Venezuelan basket, which trades at a discount to other benchmarks because of its higher content of heavy oil, has fallen for seven straight weeks, according to the OPEC country's weekly oil report. (Reporting by Corina Pons; Editing by Peter Galloway)