VOL. XXXIX

No. 15

8 January 1996

OPEC

OPEC Basket Price Rises $1.25/B In December To $17.74/B, 1995 Average Up $1.33/B To $16.86

The average spot price for the OPEC basket of seven crudes averaged $17.74/B in December, an increase of $1.25/B from the November average of $16.49, according to figures released by the OPEC Secretariat. The December average is $3.26/below OPEC's minimum price reference of $21/B, but exceeded the 1994 average by $2.21/B. The fourth quarter average increased...