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...
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