Plunging oil prices drag Venezuelan bonds
Venezuela's sovereign bonds and bonds issued by state-run oil Pdvsa lost 2 and 2.15 points, respectively
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The WTI dropped on Tuesday to USD 77.19 (File photo)
EL UNIVERSAL
Wednesday November 05, 2014 11:50 AM
Tumbling oil prices led on Tuesday to a heavy decline in the dollar-denominated bonds of emerging nations depending on crude oil exports, mainly in Venezuela and Ecuador, as investors' concerns grow, Reuters reported.
On average, Venezuela's sovereign bonds and bonds issued by state-run oil company Petróleos de Venezuela (Pdvsa) lost 2 and 2.15 points, respectively, according to think tank Arca Análisis.
The WTI dropped on Tuesday to USD 77.19, the lowest level recorded since October 2011, as the market reacted to Saudi Arabia's decision to lower the price of oil sold to the United States.
On average, Venezuela's sovereign bonds and bonds issued by state-run oil company Petróleos de Venezuela (Pdvsa) lost 2 and 2.15 points, respectively, according to think tank Arca Análisis.
The WTI dropped on Tuesday to USD 77.19, the lowest level recorded since October 2011, as the market reacted to Saudi Arabia's decision to lower the price of oil sold to the United States.
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