VOL. XXXIX

No. 24

11 March 1996

OPEC

OPEC Basket Price Drops 15 Cents/B In February To $17.90/B

The average spot price for the OPEC basket of seven crudes averaged $17.90/B in February, a decrease of 15 cents/B from the revised January average of $18.05/B, according to figures released by the OPEC Secretariat. The February average is $3.10/B below OPEC's minimum reference price of $21/B, but $1.04/B above the 1995 basket average price of $16.86/B.

The weekly basket averages for...