OPEC Basket Average Rises By $2.70/B To $18.31/B For July
The spot price for the OPEC basket of seven crudes increasedby $2.70/B in July to average $18.31/B compared to $15.61/B in June, accordingto figures released by the OPEC Secretariat. The 2Q 99 average of $15.38/B is$2.92/B above the 2Q 98 basket average of $12.46/B. The weekly basket averagesfor July were: first week, $17.64/B; second week, $18.18/B; third week,$18.50/B; fourth week, $18.90/B. Monthly...