VOL. XXXIX No. 54 7 October 1996OPEC

OPEC Basket Price Rises $1.76/B In September To $21.70/B The average spot price for the OPEC basket of seven crudes averaged $21.70/B in September, an increase of $1.76/B from the August average of $19.94/B, according to figures released by the OPEC Secretariat. It is the first time the OPEC basket has recorded a monthly average greater than OPEC's minimum reference price of $21/B since January 1991 at the start of the Gulf war. September's average is...