VOL. XLI

No. 23

8 June 1998

OPEC

OPEC Basket Gains 40 Cents/B In May For $13.16/B Average

The spot price for the OPEC basket of seven crudes averaged $13.16 in May, an increaseof 40 cents/B over the revised April average of $12.76/B, according to figures released bythe OPEC Secretariat. The May average is $5.52/B below the 1997 average of $18.68/B. Theweekly basket averages for May were: first week, $13.41/B; second week, $13.31/B; thirdweek, $12.83/B; and fourth week, $13.09/B. Monthly and...