VOL. XXXV

NO. 19

10 FEBRUARY 1992

Oil Prices

OPEC Basket Price Drops to $16.78/B in January

The average spot price for the OPEC basket of seven crudes dropped to$16.78/B in January from $17.35/B in December, lower than any average monthlyprice in 1991 (MEES, 6 January). Details of the price breakdown in January 1992and the average prices for the past four years are shown in the table below:

Spot Quotations for the OPEC Reference Basket($/B) Saharan Bonny Arab T.J. Blend Minas Light Light Dubai...