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...
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