VOL. XXXVI

NO. 2

12 OCTOBER 1992

OIL PRICES

OPEC Basket Rises 24 Cents to $19.40 in September

The average spot price of the OPEC basket of seven crudes rose to $19.40/Bduring September, up $0.24/B from $19.16/B in August. The year-to-date averagenow stands at $18.35/B. The basket price averaged $19.10/B in the first week ofSeptember, $19.39/B in the second week, $19.63/B in the third week, $19.48 inthe fourth week, and $19.42 in the fifth week. The average prices of the sevencrudes in the OPEC...