VOL. XXXIV

NO. 5

5 NOVEMBER 1990

OPEC

OPEC Basket Price Rises to $34.58/B in October

The average spot price for October for the OPEC basket of seven crudes roseto $34.58/B, as compared with $32.06/B in September. For the first 10 months of1990, the OPEC basket price averaged $20.85/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 T.J. Blend...