NO. 32

8 MAY 1995

Oil/LPG Prices

OPEC Basket Price Rises By $1.19/B In April

The average spot price for the OPEC basket of seven crudes averaged $18.34/Bin April, an increase of $1.19/B over the revised March average of $17.15/B,according to figures released by the OPEC Secretariat. This is the mostsignificant monthly increase in the OPEC basket price since April 1994, when theaverage rose by $1.28/B. The April 1995 average is $2.66/B below OPEC's $21/Bminimum reference price, and...