No. 33

13 May 1996


OPEC Basket Price Rises 89 Cents/B In April To $20.24/B

The average spot price for the OPEC basket of seven crudes averaged $20.24/B in April, an increase of 89 cents/B over the revised March average of $19.35/B, according to figures released by the OPEC Secretariat. The April average is $0.76/B below OPEC's minimum reference price of $21/B, and $3.38/B above the 1995 basket average of $16.86/B. This is the highest price for the monthly basket...