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;...