NO. 32

9 MAY 1994

Oil Prices

OPEC Basket Price Rises To $14.57/B In April

The average spot price for the OPEC basket of seven crudes rose by $1.28/B inApril to $14.57/B from the revised average of $13.29/B in March, according tofigures released by the OPEC Secretariat. The April average is $6.43/B belowOPEC's $21/B minimum reference price, and $1.76/B below the 1993 yearly averageof $16.33/B.

The weekly basket averages for April were as follows: $13.77/B for the firstweek, $14.26/B for...