10 JULY 1995

Oil Prices

OPEC Basket Price Falls $1.17/B To $16.96/B In June

Spot Prices for the OPEC basket of seven crudes averaged $16.96/B in June,down $1.17/B from the revised average of $18.13/B in May, according to figuresreleased by the OPEC Secretariat. The June price is $4.04/B below OPEC's $21/Bminimum reference price, and $1.43/B above the 1994 average of $15.53/B. Theaverage for the second quarter rose to $17.82/B from $17.01/B for first quarter1995.

The weekly basket...