VOL. XXXVI

NO. 6

9 NOVEMBER 1992

OIL PRICES

OPEC Basket Price Rises 11 Cents to $19.51 in October

The average spot price for the OPEC basket of seven crudes rose to $19.51/Bin October, up 11 cents from $19.40/B in September. However, there was a sharpdecline in the basket price to $19.08/B in the last week of the month. Weeklyaverages during October were: first week $19.44/B; second week $19.85/B; thirdweek $19.68/B; fourth week $19.08/B. The average prices for the seven crudes inthe OPEC basket,...