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Venezuelan oil price falls to $9.90, lowest level in 20 years

Caracas, (AFP): The price of Venezuelan oil fell to its lowest level in more than two decades to just $9.90 a barrel, the oil ministry said on Friday.

The ministry said the price between Monday and Friday was 70.62 Chinese yuan, a level that has not been seen since 1998 when it was $9.28.

Since 2017, the government of Venezuela President Nicolas Maduro has announced its oil prices in yuan rather than dollars in protest at US sanctions. AFP

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