VOL. XLI

No. 15

13-April-1998

OPEC

OPEC Basket Drops $1.04/B During March To Average $12.41/B

The spot price for the OPEC basket of seven crudes averaged $12.41/B in March, adecline of $1.04/B from the revised February average of $13.45/B, according to figuresreleased by the OPEC Secretariat. The first quarter 1998 average was $13.35/B, down$4.94/B from the fourth quarter 1997 average of $18.29/B. The March average is $6.27/Bbelow the 1997 average of $18.68/B The weekly basket averages for...