VOL. XXXVI
NO. 32
10 MAY 1993
OIL PRICES
OPEC Basket Price Averaged $18.11/B In April
The average spot price for the OPEC basket of seven crudes for the month ofApril was $18.11/B, according to figures recently released by the OPECSecretariat. This is a reduction of $0.04/B compared with the revised basketaverage for March of $18.15/B. The April basket price is $2.89/B below OPEC's$21/B minimum reference price.
Weekly averages fluctuated throughout the month, ending lower than theybegan. The April...
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