VOL. XXXVI

NO. 28

12 APRIL 1993

OIL PRICES

OPEC Basket Price Averaged $18.17/B In March

The average spot price for the OPEC basket of seven crudes for the month ofMarch was $18.17/B, according to figures recently released by the OPECSecretariat. This is an increase of $0.51/B compared with the February averagebasket price of $17.66/B, and is the highest monthly average since November1992, which was $18.73/B. The March basket price is $2.83/B below OPEC's $21/Bminimum reference price.

Weekly...