VOL. XLII
No. 02
11-January-1999
OPEC
OPEC Basket Averaged $12.28/B For 1998, Down 34%; December Average Was$9.67/B
The 1998 annual average price for the OPEC basket fell by 34% to$12.28/B, compared to $18.68/B for 1997, according to figures released by the OPECSecretariat. The spot price for the OPEC basket of seven crudes fell by $1.52/B inDecember to average $9.67/B for the month, compared to the revised average of $11.19/B forNovember. The December average is $9.01/B below the 1997 average of...
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