Russian President Vladimir Putin (C) welcomes his Venezuelan counterpart Nicolas Maduro before their meeting focused on world oil markets at the Novo-Ogaryovo residence outside Moscow on January 15, 2015. AFP PHOTO / POOL / PAVEL GOLOVKIN
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Venezuelan President Nicolas Maduro is winding down a tour of Asia and Russia that was intended to garner support for measures to bolster oil prices. A further 8 percent decline since the trip started suggests he failed. Crude extended declines after Maduro spoke.Venezuela, which holds the world's largest crude reserves, relies on oil exports for almost 95 percent of foreign currency earnings.While in China last week, Maduro said Venezuela obtained $20 billion in Chinese investment for economic, energy and social projects.
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