NO. 45

7 AUGUST 1995

Oil Prices

OPEC Basket Price Drops $1.30/B To $15.68/B For July

The average spot price for the OPEC basket of seven crudes averaged $15.68/Bin July, a drop of $1.30/B from the revised average of $16.98/B for June,according to figures released by the OPEC Secretariat. The July price is $5.32/Bbelow OPEC's $21/B minimum reference price, and only $0.15/B above the 1994average of $15.53/B.

The weekly basket averages for July are as follows: $15.87/B for the firstweek,...