OPEC Basket Price Slips Further To $15.93/B In August
The average spot price for the OPEC basketof sevencrudes
dropped by a further $0.03/B during August to $15.93/B, accordingtofigures released by the OPEC Secretariat.The
August 1993 price - over $5/B belowOPEC's$21/Bminimum
referenceprice-is the lowest monthlyprice registered
for the OPEC basket since July 1990,just before the Iraqi
invasion of Kuwait.
Theweeklybasketaverages for August were: $15.78/B...