Chavez hopes oil prices stabilise around $80

President Hugo Chavez says he'll be happy if oil prices stabilize between US$80 and US$90 a barrel.
Prices for light, sweet crude fell to US$71.85 a barrel on the New York Mercantile Exchange on Friday, after reaching record highs of over US$140 earlier this year.
Independent analysts say Venezuela cannot maintain high levels of government spending if prices stabilise below US$80 a barrel. Oil accounts for 94 percent of Venezuela's exports and roughly half the government's budget.