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...