VOL. XXXVII
NO. 37
13 JUNE 1994
Oil Prices
OPEC Basket Price Rises To $15.72/B In May
The average spot price for the OPEC basket of seven crudes rose by $1.15/B inMay to $15.72/B from $14.57/B in April, according to figures released by theOPEC Secretariat. The May average is $5.28/B below OPEC's $21/B minimumreference price, and $0.61/B below the 1993 yearly average of $16.33/B.
The weekly basket averages for May were as follows: $15.29/B for the firstweek, $15.80/B for the second, $15.68/B for the...
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