VOL. XXXIV

NO. 23

11 MARCH 1991

Oil Prices

OPEC Basket Price Declines to $17.55/B in February

The average spot price for the OPEC basket of seven crudes decreased to$17.55/B in February, compared to $22.38/B in the previous month. The Februaryprice level is the lowest since the Gulf crisis began last August, since whenthe basket price has ranged between $22.38/B and $34.58/B. Details are shown inthe table below:

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