VOL. XL No. 1912 May 1997


OPEC Basket Drops By $1.18/B In April ToAverage $17.46/B

The spot price for the OPEC basket of seven crudes averaged $17.46/B in April, areduction of $1.18/B from the revised March average of $18.64/B, according tofigures released by the OPEC Secretariat. The weekly basket average for April isas follows: $17.74/B for the first week, $16.91/B for the second, $17.17/B forthe third, $17.57/B for the fourth and $17.90/B for the fifth. Monthly andquarterly details are...