VOL. XXXVII

NO. 24

14 MARCH 1994

OPEC

OPEC Basket Price Rises To $13.76/B In February

The average spot price for the OPEC basket of seven crudes rose to $13.76/Bfor February, an increase of $0.05/B over the revised January average of$13.71/B, according to figures released by the OPEC Secretariat. The Februaryaverage is $7.24/B below OPEC's $21/B minimum reference price, and $2.57/B belowthe 1993 yearly average of $16.33/B.

The weekly basket averages for February were as follows: $14.70/B for the...