VOL. XXXV

NO. 28

13-APRIL-1992

Oil Prices

OPEC Basket Price Averages $16.74/B in First Quarter

The average spot price for the OPEC basket of seven crudes for the firstquarter of 1992 was $16.74/B, according to figures released by the OPECSecretariat. The average price for March was the lowest during the quarter at$16.61/B, compared to $16.89/B for February and $16.71/B for January. Pricesstarted weak at the beginning of March then improved gradually, with the basketprice averaging $16.41/B for...