VOL. XXXVIII NO. 714 NOVEMBER 1994

OPEC

OPEC Basket Price Rises By $0.42/B To $16.13/B In October

The average spot price for the OPEC basket of seven crudes rose by $0.42/B inOctober to $16.13/B from the September average of $15.71/B, according to figuresreleased by the OPEC Secretariat. The October average is $4.87/B below OPEC's$21/B minimum reference price. The increase in the average spot price for themonth boosted the year to date average to 15.40/B, which is $0.93/B below the1993 average....