No. 8

20 November 1995


OPEC Basket Price Falls 50 Cents/B To $15.85/B In October

The average spot price for the OPEC basket of seven crudes averaged $15.85/B in October, a decrease of 50 cents/B from the revised September average of $16.35, according to figures released by the OPEC Secretariat. The October average is $5.15/B below OPEC's minimum reference price of $21/B and 32 cents/B above the 1994 average of $15.53/B. The weekly basket averages for October are as...