VOL. XLII

No. 28

12-July-1999

OPEC

OPEC Basket Average Rises By 13 Cent/B To $15.61/B For June

The spot price for the OPEC basket of seven crudes increasedby 13 cents/B in June to average $15.61/B, compared to the revised average of$15.48/B in May, according to figures released by the OPEC Secretariat. TheJune average is $3.33 cents/B above the 1998 basket average of $12.28/B. Theweekly basket averages for June were: first week, $14.44/B; second week,$15.54/B; third week, $15.95/B; fourth week,...