Venezuela Oil Basket $4.83 To $125.76 A Barrel As Of July 4

The average price for Venezuela's basket of crude oil and refined products jumped $4.83 to $125.76 a barrel for the week ending July 4, up from $120.93 on June 27, the Oil Ministry said Friday. The average price for the year running now stands at $100.31 per barrel. Last year's average was $64.74 a barrel.