VOL. XXXIII

NO. 36

11 JUNE 1990

OPEC Basket Price Average Drops to $15.45/B in May

The average spot price of the OPEC basket of seven crudes fell to $15.45/B inMay, as compared to $15.63/B in April, with a year-to-date average of $17.57/B.This compares with OPEC's target "minimum" reference price of $18/Bfor the basket. Full details are shown in the table below:

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

 Saharan Bonny Arab T.J. Blend Minas Light Light Dubai Light Isthmus Basket (18.87)...