VOL. XLI

No. 10

9 March 1998

OPEC

OPEC Basket Falls 97 Cents/B To Average $13.46/B For February

The spot price for the OPEC basket of seven crudes averaged $13.46/B in February, adrop of 97 cents/B from the revised January average of $14.43/B, according to figuresreleased by the OPEC Secretariat. The February average is $5.22/B below the 1997 yearlyaverage of $18.68/B.

The weekly basket averages for February were: first week, $14.14/B; second week,13.72/B; third week, 13.27/B; and fourth week,...