Macroeconomy/Finance

WTI Oil Continues to Drop to its Lowest Level of $22.67

Oil prices continue to fall and today the WTI barrel, the benchmark for Bolivia, reached its lowest rate in 17 years at $22.67. Bolivia calculated the General State Budget (GSB) for 2020 with a reference price of $59.87 a barrel of oil. So far, there is a decrease of $37.2 (62%), which will mean a drop in the country’s income from gas exports to Argentina and Brazil.

Source: Los Tiempos