VOL. XXXVI

NO. 10

7 DECEMBER 1992

OIL PRICES

OPEC Basket Falls 86 cents to $18.70 in November

The average spot price of the OPEC basket of seven crudes fell to $18.70during November, a drop of $0.86 from the readjusted average of $19.56 duringOctober. The year-to- date average now stands at $18.48/B. The basket priceaveraged $18.80/B in the first week of November, $18.78/B in the second week,$18.66/B in the third week, and $18.58 in the fourth week. The average prices ofthe seven crudes in the...