USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

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Chavez: $100 is Fair Price for Oil

Chavez said crude was a non-renewable energy source and it's price should reflect that

Chavez: $100 is Fair Price for Oil

Venezuela's President Hugo Chavez said on Monday that $100 was a "just" price for a barrel of oil, Reuters reports.

Chavez said crude was a non-renewable energy source and it's price should reflect that. "Today the price of oil is at a just level, it is not high," he said on state television.

The OPEC nation's leftist government has seen its oil income soar as prices for its crude have surged to around the $100 mark

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