VOL. XXXVII
NO. 19
7 FEBRUARY 1994
Oil Prices
OPEC Basket Price Recovers Slightly To $13.67/B In January
The average spot price for the OPEC basket of seven crudes rose to $13.67/Bfor January, an increase of $0.80/B over the revised December 1993 average of$12.87/B, according to figures released by the OPEC Secretariat. With the exception of December, the January average remains lower than all other monthlyaverages during 1993, and it is $7.33/B below OPEC's $21/B minimum referenceprice.
The weekly...
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