7 JUNE 1993
OPEC Basket Price Averaged $17.91/B In May
The average spot price for the OPEC basket of seven crudes for the month ofMay was $17.91/B, according to figures recently released by the OPECSecretariat. This is a reduction of $0.22/B compared with the revised basketaverage for April of $18.13/B. The May basket price is $3.09/B below OPEC's$21/B minimum reference price.
Weekly averages declined throughout the month with the exception of thefourth week. The May...