10April 1995

Oil Prices

OPECBasket Price Falls 15 Cents/B In March, Averages $17.01/B For 1Q 95

Theaverage spot price for the OPEC basket of seven crudes averaged $17.14/B inMarch, a fall of $0.15/B from February's average of $17.29/B, according tofigures released by the OPEC Secretariat. The March average is $3.86/B belowOPEC's $21/B minimum reference price, and $1.61/B above the 1994 average of$15.53/B. The average basket price for 1Q95 was $17.01/B.

Theweekly basket averages...