No. 45

10 November 1997


OPEC Basket Rises $1.33/B To Average $19.49/B For October

The spot price for the OPEC basket of seven crudes averaged $19.49/B in October, anincrease of $1.33/B over the September average of $18.16/B, according to figures releasedby the OPEC Secretariat. The October average is $1.51/B below OPEC's minimum referenceprice of $21.00/B and 80 cents/B below the 1996 average of $20.29/B. The weekly basketaverages for October were: first week, $20.30/B; second...