No. 11

11 December 1995


OPEC Basket Price Rises 64 Cents/B To $16.49/B In November

The average spot price for the OPEC basket of seven crudes averaged $16.49/B in November, an increase of 64 cents/B from the October average of $15.85/B, according to figures released by the OPEC Secretariat. The November average is $4.51/B below OPEC's minimum reference price of $21/B and 96 cents/B above the 1994 average of $15.53/B.

The weekly basket averages for November are as...