VOL. XXXVIII

NO. 24

13 MARCH 1995

Oil Prices

OPEC Basket Price Rises By $0.62/B To $17.29/B In February

The spot price for the OPEC basket of seven crudes averaged $17.29/B inFebruary, an increase of $0.62/B over the January average of $16.67/B, accordingto figures released by the OPEC Secretariat. The February average is $3.71/Bbelow OPEC's $21/B minimum reference price, but $1.76/B above the 1994 averageof $15.53/B. The weekly basket averages for February were as follows: $17.22/Bfor the first...