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...