VOL. XXXV

NO. 49

7 SEPTEMBER 1992

Oil Prices

OPEC Basket Price Falls 67 Cents to $19.13/B in August

The average spot price of the OPEC basket of seven crudes fell to $19.13/B inAugust, down $0.67/B from $19.80/B in July. The year-to-date average now standsat $18.20/B. The basket price averaged $19.31/B in the first week of August,$19.07/B in the second week, 19.16/B in the third week, and $18.99/B in thefourth week. The average prices of the seven crudes in the OPEC basket togetherwith those of...