VOL. XXXIV

NO. 1

8 OCTOBER 1990

Oil Prices

OPEC Basket Price Rises to $32.06/B in September

The average spot price for September for the OPEC basket of seven crudes roseto $32.06/B, as compared with $24.89/B in August. For the first nine months of1990, the OPEC basket price averaged $19.43/B, as compared with the minimumreference price of $21/B set during the Geneva Conference in July. Full detailsare shown in the table below:

Spot Quotations of the OPEC Reference Basket($/B)
 Saharan Bonny Arab...