Chavez says that oil prices are still low

Venezuelan President Hugo Chavez told Reuters that oil prices are still low and fair price for oil produced by his country must not be less than 80 dollars a barrel. Chavez said in a speech broadcast on television Monday night that the price of oil "is still within the low level ... the fair price of our oil today should not be less than 80 dollars (per barrel)." The leftist leader said that the average price of Venezuelan oil this year was between 58 dollars and 59 dollars per barrel.m.e