VOL. XXXIII
NO. 14
8-JANUARY-1990
OPEC Basket Price Rose by Over $3/B in 1989
According to OPEC calculations made available to MEES, the average spot priceof the OPEC basket of crudes rose by $3.03/B or 21.2% last year - from $14.28/Bin 1988 to $17.31/B in 1989.
By the last week in December, the average basket price had increased to$19.41/B. Moreover, the oil price explosion over the New Year has been such that- according to an approximate calculation made by MEES on the basis of thespot prices...
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