VOL. XXXIV
NO. 49
9 SEPTEMBER 1991
Oil Prices
OPEC Basket Price Increases to $18.50/B in August
The average spot price for the OPEC basket of seven crudes rose to $18.50/Bin August as against $18.20/B in July. The year to date average price works outat $18.36/B. Details are shown on the table below:
Spot Quotations for the OPEC Reference Basket ($/B)
Saharan Bonny Arab T.J. Blend Minas Light Light Dubai Light Isthmus BasketJan 91 25.00 23.96 24.55 20.70 19.65 20.95 21.85 22.38Feb 91 21.10 20.03...
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