VOL. XLII

No. 19

10-May-1999

OPEC

OPEC Basket Average Rises By $2.74/B To $15.01/B For April

The spot price for the OPEC basket of seven crudes increasedby $2.74/B in April to average $15.01/B, compared to the revised average of$12.27/B in March, according to figures released by the OPEC Secretariat. TheApril average is $2.73 cents/B above the 1998 basket average of $12.28/B. Theweekly basket averages for April were: first week, $14.13/B; second week,$14.46/B; third week, $15.60/B; and fourth...