VOL. XXXV

NO. 45

10 AUGUST 1992

Oil Prices

OPEC Basket Price Fell to $19.76/B in July

The average spot price of the OPEC basket of seven crudes fell to $19.76/B inJuly, compared to $20.18/B in June, a decrease of 42 cents/B. The year-to-dateaverage is $18.08/B. The basket price averaged $20.00/B in the first week ofJuly, $19.67/B in the second week, $19.57/B in the third week, $19.73/B in thefourth week and $19.84/B in the fifth week. The average prices of the OPECbasket, Brent and WTI for the...