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...
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