VOL. XXXVIII

NO. 2

10-OCTOBER-1994

Oil Prices

OPEC Basket Price Falls $1.15 To $15.71/B

In September The average spot price for the OPEC basket of seven crudes fellby $1.15/B in September to $15.71/B from the August average of $16.86/B,according to figures released by the OPEC Secretariat. The September average is$5.29/B below OPEC's $21/B minimum reference price. The 3Q price, however,averaged higher at $16.68/B, compared with the 2Q average of $15.60/B. The yearto date average is $15.28/B,...