Oil company honors debt obligations amid political unrest Government says it will continue paying debt due this year Bonds issued by Venezuela’s state oil company rallied after the country made $2.2 billion in payments on notes that matured Wednesday. The $1.1 billion of notes from Petroleos de Venezuela that come due in seven months gained 2.1 cents to 87.3 cents on the dollar as of 3:17 p.m. in New York. The payment, which was confirmed by Delaware Trust Company, strengthened investor confidence that the nation can avoid default for yet another year. The debt from the state oil company maturing Wednesday had traded as low as 94 cents on the dollar last week amid doubts on whether Venezuela would make good on its obligations. The notes shot up to 97 cents on Friday after PDVSA said it had begun the payment process. Traders will be closely watching foreign reserve […]