VOL. XXXVII
NO. 28
11 APRIL 1994
Oil Prices
OPEC Basket Price Falls To $13.34/B In March
The average spot price for the OPEC basket of seven crudes fell to $13.34/Bin March, a drop of $0.42/B from the February average of $13.76/B, according tofigures released by the OPEC Secretariat. The March average is $7.66/B belowOPEC's $21/B minimum reference price, and $2.99/B below the 1993 yearly averageof $16.33/B. The March figure is the lowest monthly average since December 1993,when the OPEC basket...
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