VOL. XXXV

NO. 6

11 NOVEMBER 1991

Oil Prices

OPEC Basket Price Rises to $20.43/B in October

The average spot price for the OPEC basket of seven crudes rose to $20.43/Bin October from $19.19/B in September. Prices remained high throughout the pastmonth, with the average basket price for the first week at $19.91/B, the secondweek at $20.30/B, the third week at $20.76/B, the fourth week at $20.80/B, andthe fifth week at $20.39/B. This is the second highest monthly average for theyear, surpassed only...