VOL. XL

No. 6

10-February-1997

OPEC

OPEC Basket Averages $23.23/B For January

The spot price for the OPEC basket of seven crude averaged $23.23/B in January, a drop of 28 cents/B from the December 1996 average of $23.51, according to figures released by the OPEC Secretariat. The January average is $2.94/B above the 1996 average of $20.29/B.

The weekly basket average for January is as follows: $24.38/B for the first week, $23.53/B for the second, $22.59/B for the third, and $22.41/B for the...