NO. 1

7 OCTOBER 1991

Oil Prices

OPEC Basket Price Rises to $19.15/B in September

The average spot price for the OPEC basket of seven crudes rose to $19.15/Bin September from $18.47/B in August. The year to date average price works outat $18.44/B. Details are shown in the table below:

Spot Quotations for the OPEC Reference Basket ($/B)

 Saharan Bonny Arab T.J. Blend Minas Light Light Dubai Light Isthmus BasketJan 91 25.00 23.96 24.55 20.70 19.65 20.95 21.85 22.38Feb 91 21.10 20.03 20.25...