8 FEBRUARY 1993
OPEC Basket Price Averaged $16.71 in January
The average spot price for the OPEC basket of seven crudes for the month ofJanuary was $16.71, according to figures recently released by the OPECSecretariat. This compares with an average of $17.69/B in December 1992 and$18.58/B in the fourth quarter of 1992. The basket price average for the year1992 was $18.41. The January basket average is $4.29 less than the $21/B minimumreference price agreed upon during...
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