Bloomberg News

Chavez Says Venezuela Can Withstand Oil Price Drop Into 2013

June 24, 2012

Venezuelan President Hugo Chavez said the fall in oil prices won’t affect the economy because the country has savings and funds to withstand the drop into 2013.

Chavez spoke on state television.

To contact the reporter on this story: Jose Orozco in Caracas at

To contact the editor responsible for this story: Joshua Goodman at

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