VOL. XXXIV

NO. 40

8 JULY 1991

Oil Prices

OPEC Basket Price Declines to $17.21/B in June

The average spot price for the OPEC basket of seven crudes has decreased to$17.21/B in June as against $17.78/B in May. The average price for the firsthalf of the year was $18.36/B, as compared with the minimum reference price of$21/B set during the Geneva conference in July 1990. Details are shown in thetable below:

Spot Quotations for the OPEC Reference Basket ($/B)

 Saharan Bonny Arab T.J. Blend Minas Light...