No. 10

10 March 1997


Basket Averages $20.50/B For February

The spot price for the OPEC basket of seven crude averaged$20.50/B in February, a reduction of $2.69/B from the revised January average of $23.19/B,according to figures released by the OPEC Secretariat. The February figure was 21 cents/Babove the 1996 average of $20.29/B. The weekly basket average for February is as follows:$22.07/B for the first week, $20.50/B for the second, $20.22/B for the third, and $19.19/Bfor the...