VOL. XL

No. 36

8 September 1997

OPEC

OPEC Basket Gains 22 Cents/B To Average $18.08/B For August

The spot price for the OPEC basket of seven crudes averaged $18.08/B in August, anincrease of 22 cents/B over the July average of $17.86/B, according to figures released bythe OPEC Secretariat. The weekly basket averages for August were: first week, $18.56/B;second week, 18.04/B; third week, 18.11/B; and fourth week, $17.63/B. Monthly andquarterly details are shown in the table below ($/B):

Spot...