VOL. XLI
No. 36
7-September-1998
OPEC
OPEC Basket Slides 11 Cents/B In August To Average $11.94/B
The spot price for the OPEC basket of seven crudes fell by 11 cents/B during August toaverage $11.94/B for the month, compared to the revised average of $12.05/B for July,according to figures released by the OPEC Secretariat. The August average is $6.74/B belowthe 1997 average of $18.68/B.
The weekly basket averages for August were: first week, $12.21/B; second week,$11.60/B; third week, $11.89/B;...
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