VOL. XXXVIII
NO. 50
11 SEPTEMBER 1995
Oil Prices
OPEC Basket Price Rises 32 Cents/B To $15.95/B In August
The average spot price for the OPEC basket of seven crudes averaged $15.95/Bin August, an increase of 32 cents/B from the revised average of $15.63 forJuly, according to figures released by the OPEC Secretariat. The August price is$5.05/B below OPEC's $21/B minimum reference price, and 42 cents/B above the1994 average of $15.53/B.
The weekly basket averages for August are as follows: $15.83/B...
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