VOL. XLIII
No. 03
17-January-2000
OPEC
OPEC Basket Annual Average Reaches $17.47/B In 1999, Up $5.19/B Over 1998
The spot price for the 1999 OPEC basket of seven crudes rose to $17.47/B, compared to $12.28/B for 1998, an increase of $5.19/B or 42%. The monthly average increased by $1.02/B to $24.77/B for December, compared to $23.75/B in November. The fourth quarter average showed an increase of $3.41/B, reaching $23.42/B compared to $20.01/B during the third quarter.
The weekly basket averages...
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