VOL. XLI

No. 41

12-October-1998

OPEC

OPEC Basket Rises $1.02/B In September To Average$12.91/B

The spot price for the OPEC basket of seven crudes rose by $1.02/B inSeptember to average $12.91/B for the month, compared to the revised average of $11.89/Bfor August, according to figures released by the OPEC Secretariat. The September averageis $5.77/B below the 1997 average of $18.68/B. The basket averaged $12.33/B for the thirdquarter of the year, 13 cents/B below the second quarter average of...