Adamant: Hardest metal
Tuesday, February 25, 2003

OPEC daily basket price up to 31.84 dollars

www.irna.com

Vienna, Feb 24, IRNA -- The price of the OPEC basket of seven crudes stood at 31.84 dollars a barrel on Friday as against the 31.84 dollars of the previous day, according to OPEC Secretariat
calculations here, Monday.

The basket price in the last 30 working days in dlrs:
Fri 10 January 29.82
Mon 13 January 29.82
Tue 14 January 30.21
Wed 15 January 30.66
Thu 16 January 30.87
Fri 17 January 31.02
Mon 20 January 31.21
Tue 21 January 30.90
Wed 22 January 30.89
Thu 23 January 30.18
Fri 24 January 30.56
Mon 27 January 30.16
Tue 28 January 29.83
Wed 29 January 30.30
Thu 30 January 30.58
Fri 31 January 30.71
Mon 03 February 30.29
Tue 04 February 29.98
Wed 05 February 30.52
Thu 06 February 30.77
Fri 07 February 31.25
Mon 10 February 31.38
Tue 11 February 31.35
Wed 12 February 31.30
Thu 13 February 31.91
Fri 14 February 32.33
Mon 17 February 31.90
Tue 18 February 31.85
Wed 19 February 31.95
Thu 20 February 31.48

For the first quarter of 2002, the basket price averaged dlrs 19.83 a barrel as opposed to dlrs 18.38 in the 4th quarter of 2001.

For 2001 as a whole, the price of the basket averaged dlrs 23.12 a barrel, compared with dlrs 27.60 in 2000, dlrs 17.47 in 1999 and dlrs 12.28 in 1998.

The OPEC basket comprises Algeria's Saharan Blend, Indonesia's Minas, Nigeria's Bonny Light, Saudi Arabian Light, Dubai of the United Arab Emirates, Venezuela's Ti Juana and Mexico's Istmus Crude.

MN/LS
End

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