VOL. XLI

No. 45

9-November-1998

OPEC

OPEC Basket Price Falls 52 Cents/B In October To Average $12.39/B

The spot price for the OPEC basket of seven crudes fell by 52 cents/Bin October to average $12.39/B for the month, compared to $12.91/B for September,according to figures released by the OPEC Secretariat. The October average is $6.29/Bbelow the 1997 average of $18.68/B. The weekly basket averages for October were: firstweek, $13.32/B; second week, $12.23/B; third week, $11.72/B; and fourth...