VOL. XL

No. 42

20 October 1997

OPEC

OPEC Basket Gains 10 Cents/B To Average $18.16/B For September

The spot price for the OPEC basket of seven crudes averaged $18.16/B in September, anincrease of 10 cents/B over the revised average of $18.06/B in August, according tofigures released by the OPEC Secretariat. The September average is $2.84/B below OPEC'sminimum reference price of $21.00/B and $2.13/B below the 1996 average of $20.29/B. Thethird quarter average for the OPEC basket rose to...