VOL. XLII

No. 24

14-June-1999

OPEC

OPEC Basket Average Rises By 43 Cents/B To $15.43/B For May

The spot price for the OPEC basket of seven crudes increasedby 43 cents/B in May to average $15.43/B, compared to the revised average of$15.00/B in April, according to figures released by the OPEC Secretariat. TheMay average is $3.15 cents/B above the 1998 basket average of $12.28/B. Theweekly basket averages for May were: first week, $16.49/B; second week,$15.55/B; third week, $14.80/B; and fourth...