Falling global oil prices have been a headache for many oil-producing countries, with exports now failing to bring in cash they used to just six months ago.
On Thursday, the price of Brent crude was just below $63 a barrel, while US crude was near $58.
The price of Venezuelan oil, which is very heavy by international standards, was even lower – at $57.53 a barrel for the week ending 13 December.
The dramatic downward slide started in June.
Six months of falling prices have hit Venezuela particularly hard – the country is heavily dependent on oil money, with 96% of export revenues coming from oil, according to reports.
BBC News has been speaking to a selection of Venezuelans on the streets of Caracas to find out how they have been personally affected by the fall in oil prices.
Oil down, goods up