VOL. XXXV

NO. 32

11 MAY 1992

Oil Prices

OPEC April Basket Price Highest So Far This Year

The average spot price for the OPEC basket of seven crudes rose to $17.69/Bin April, up 95 cents/B over the previous month. This represents the highestmonthly figure attained so far this year. The year to date average is $17/B. TheApril prices continued an upward trend which began in mid-March, with thebasket price averaging $17.24/B in the first week of April, $17.78/B in thesecond week, $17.73/B in the...