VOL. XL

No. 32

11 August 1997

OPEC

OPEC Basket Price Rebounds By $0.49 To $17.86/B In July

The spot price for the OPEC basket of seven crudes averaged $17.86/B in July,representing an increase of 49 cents over the revised June average of $17.37/B, accordingto figures released by the OPEC secretariat. The weekly basket averages for July were:first week, $17.91/B; second week, $17.57; third week, $17.70/B; fourth week, $17.81/B;fifth week, $18.29/B. Monthly and quarterly details are shown in the...