VOL. XLI

No. 28

13-July-1998

OPEC

OPEC Basket Falls $1.49/B In June To $11.65/B Average

The spot price for the OPEC basket of seven crudes fell by $1.49/B during June toaverage $11.65/B for the month, according to figures released by the OPEC Secretariat. Thebasket averaged $13.14/B in May. The June average is $7.03/B below the 1997 average of$18.68/B.

The weekly basket averages for June were: first week, $12.80/B; second week, $11.90/B;third week, $10.54/B; fourth week, $11.48/B and fifth week,...