VOL. XXXV
NO. 36
8 JUNE 1992
Oil Prices
OPEC Basket Price Averages $18.68/B in May
The average spot price for the OPEC basket of seven crudes rose to $18.68/Bin May, up 99 cents/B over the previous month. The year-to-date average is$17.31/B. The May price continued an upward trend which began in mid-March, andwhich received a boost from the roll-over agreement at the OPEC ministerialmeeting last month, with the basket price averaging $18.48/B in the first twoweeks of May, declining to $18.36/B...
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