Venezuela Could Default On Foreign Bond Debt Payments Later This Year: Analysts

CARACAS, Venezuela — An air of caution and concern hung in the air as gasoline prices in Venezuela shot up Friday to 15 cents a gallon — a paltry amount elsewhere but a startling increase in this oil-rich yet financially beaten country. The price had been less than a tenth of a penny per gallon the day before, and history showed how abruptly Venezuela's mood could shift when the price of gasoline was adjusted upward. More than 1,000 people were killed in a weeklong riot in the late 1980s when there was an effort to raise prices. the…

Venezuela's 5-Year CDS (credit default swap)

Venezuela 5Y CDS (Source: