VOL. XLII

No. 37

13-September-1999

OPEC

OPEC Basket Average Rises $1.35/B To $19.63/B For August

The spot price for the OPEC basket of seven crudes increasedby $1.35/B during August to average $19.63/B, compared to the revised averageof $18.28/B for July, according to figures released by the OPEC Secretariat.The August average is $7.35/B above the 1998 basket average of $12.28/B. Theweekly basket averages for August were: first week, $18.70/B; second week,$19.59/B; third week, $19.92/B; fourth...