VOL. XLII

No 50

13-December-1999

OPEC

OPEC Basket Average Rises $2.07/B To $23.74/B For November

The spot price for the OPEC basket of seven crudes rose by$2.07/B during November to average $23.74/B, compared to the revised average of$21.67/B for October, according to figures released by the OPEC Secretariat.The November average is $11.46/B above the 1998 basket average of $12.28/B.

The weekly basket averages for November were: first week,$21.58/B; second week, $23.32/B; third week, $24.34/B;...