VOL. XLII

No 41

11-October-1999

OPEC

OPEC Basket Average Rises $2.54/B To $22.17/B For September

The spot price for the OPEC basket of seven crudes increasedby $2.54/B during September to average $22.17/B, compared to the revisedaverage of $19.66/B for August, according to figures released by the OPECSecretariat. The average for the third quarter of 1999 was $20.01/B, up $4.63/Bfrom the second quarter average of $15.38/B. The September average is $9.89/Babove the 1998 basket average of $12.28/B....