VOL. XXXVII

NO. 41

11 JULY 1994

Oil Prices

OPEC Basket Price Rises To $16.46/B In June

The average spot price for the OPEC basket of seven crudes rose by $0.72/B inJune to $16.46/B from the revised average of $15.74/B in May, according tofigures released by the OPEC Secretariat. The June average is $4.54/B belowOPEC's $21/B minimum reference price, but above the 1993 yearly average of$16.33/B. The 1994 average to date is $14.57/B.

The weekly basket averages for June were as follows: $15.84/B for...