VOL. XXXIV

NO. 32

13 MAY 1991

OPEC

OPEC Basket Price Rises to $17.39/B in April

The average spot price for the OPEC basket of seven crudes reversed thedeclining trend of the previous two months and increased to $17.39/B in April,as against $16.77/B in March, $17.55/B in February and $22.38/B in January. Theyear to date average of the OPEC basket price is $18.76/B, as compared with theminimum reference price of $21/B set during the Geneva conference last July.Details are shown in the table below:

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