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Fears of Venezuela default grows

Jan. 22, 2016 5:08 AM ETBy: Yoel Minkoff, SA News Editor
  • The plunge in the price of oil is causing more investors to bet that Venezuela will default on its $120B pile of foreign debt, an event that would trigger a messy battle over the country's oil shipments and deepen its economic and political crisis.
  • The price of oil - which accounts for 96% of Venezuela’s export earnings - recovered slightly on Thursday to nearly $30 a barrel, but is still down sharply on the year.

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