VOL. XXXV
NO. 10
9 DECEMBER 1991
Oil Prices
OPEC Basket Price Drops to $19.79/B in November
The average spot price for the OPEC basket of seven crudes dropped to$19.79/B in November from $20.42/B in October. There was a steady price declinethroughout the month, with the average basket price registering $20.66/B in thefirst week, $19.98/B in the second, $19.74/B in the third, and $18.79/B in thefourth. The year to date average price is $18.76/B. Details are shown in thetable below:
Spot Quotations...
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