VOL. XXXIV
NO. 27
8 APRIL 1991
Oil Prices
OPEC Basket Price Drops to $16.77/B in March
The average spot price for the OPEC basket of seven crudes continued itsdownward trend in March with an average of $16.77/B in March, as against$17.55/B in February and $22.38/B in January. The average price for the OPECbasket during the first quarter of this year is $19.25/B, as compared with theminimum reference price of $21/B set during the Geneva Conference last July.Details are shown in the table below:
Spot...
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