VOL. XXXVII
NO. 15
10 JANUARY 1994
Oil Prices
OPEC Basket Price Falls To $12.88/B In December, Yearly Average $16.33/B
The average spot price for the OPEC basket of seven crudes fell by $1.59/B inDecember to $12.88/B from $14.47 in November, according to figures released bythe OPEC Secretariat. This is the lowest monthly average for the OPEC basketsince September 1988 when it averaged $12.65/B. The December price is $8.12/Bbelow OPEC's $21/B minimum reference price.
The average basket price for the...
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