VOL. XXXIII

NO. 47

27 AUGUST 1990

Oil Prices

OPEC Basket Price Rises to $15.68/B in July

The spot price of the OPEC basket of seven crudes during the first sevenmonths of 1990 averaged $16.84/B, as compared with the target"minimum" reference price of $18/B for the basket. The average spotprice for July rose to $15.68/B, compared to $14.05/B in June. Full details areshown in the table below:

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

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