VOL. XLIII

No. 24

12-June-2000

OPEC

Crude Oil Formulas/Posted Prices

OPEC 20-Day Basket Average

Price Avg

Date

($/B)

Daily

8 June

28.37

20-Day Avg*

12 May - 8 June

28.13

Weekly Avg

25 May - 1 June

28.22

Monthly Avg

May

26.94

Year to Date Avg

25.72

Source: OPEC

*The 20-day average is calculated by Reuters from prices for the last 20 business days.

Abu Dhabi, Oman and Qatar ($/B)

1999

2000

Avg.

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

1999

Abu Dhabi

Murban (39º)

22.70

24.60

25.35

25.20

26.40

26.75

23.65

27.30

17.97

Lower Zakum (40º)

22.75

24.65

25.40...