No. 2

9 October 1995


OPEC Basket Price Rises 38 Cents/B To $16.33/B In September

The average spot price for the OPEC basket of seven crudes averaged $16.33/B in September, an increase of 38 cents/B from the August average of $15.95/B, according to figures released by the OPEC Secretariat. The third quarter average of $15.97/B was, however, down from the second quarter average of $17.82/B by $1.85/B. The September average is $4.67/B below OPEC's $21/B minimum reference...