VOL. XXXIX

No. 63

9-December-1996

OPEC

OPEC Basket Price Falls $1.03/B In November To $22.24/B

The average spot price for the OPEC basket of seven crudes averaged $22.24/B in November, a decline of $1.03/B from the revised October average of $23.27/B, according to figures released by the OPEC Secretariat. The November average is $1.24/B above OPEC's minimum reference price of $21.00/B and $5.38/B above the 1995 basket average of $16.86/B. The weekly basket averages are as follows: $21.52/B...