VOL. XXXV

NO. 41

13 JULY 1992

Oil Prices

OPEC Basket Price Averages $20.18/B in June

The average spot price for the OPEC basket of seven crudes rose to $20.18/Bin June, up $1.48/B over the previous month. The year-to-date average is$17.83/B. The June price continued an upward trend which began in mid-March, andwhich received a boost from the roll-over agreement at the OPEC ministerialmeeting in May. The basket price averaged $19.93/B in the first week of June,$20.13/B in the second week, $20.20/B...