VOL. XXXVI
NO. 45
9 AUGUST 1993
OIL PRICES
OPEC Basket Price Dropped To $15.95/B In July
The average spot price for the OPEC basket of seven crudes dropped sharply by$1.16/B to $15.95/B for July, according to figures released by the OPECSecretariat. The July 1993 price - over $5/B below OPEC's $21/B minimumreference price - is the lowest monthly price registered for the OPEC basketsince July 1990, just before the Iraqi invasion of Kuwait.
The weekly basket averages in July were: $16.03/B for the...
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