NO. 20

13 FEBRUARY 1995

Oil Prices

OPEC Basket Price Rises By $0.83/B To $16.67/B In January

The average spot price for the OPEC basket of seven crudes averaged $16.67/Bin January, an increase of $0.83/B over December's revised average of $15.84/B,according to figures released by the OPEC Secretariat. The January average is$4.33/B below OPEC's $21/B minimum reference price, but $1.14/B above the 1994average of $15.53/B. The weekly basket averages for January were as follows:$16.21/B...