OPEC weekly basket price falls to 25.91 dollars
Vienna, March 31, IRNA -- The price of OPEC's basket of seven crudes fell to 25.91 dollars a barrel last week, compared with 28.42 dollars in the third week of March.
According to figures released by the OPEC Secretariat here
today, the price of the basket so far this year (up to 27 March) has
averaged 30.57 dollars a barrel.
For the month of February, the basket price averaged 31.54 dollars a barrel, as opposed to 30.34 dollars in January, and 28.39 dollars in December 2002.
For the fourth quarter of last year, the basket price averaged
26.83 dollars a barrel, as against 26.09 dollars in the third quarter.
The price of the basket in 2002 averaged 24.36 dollars a barrel, compared with 23.12 dollars the previous year.
The OPEC basket comprises Algeria's Saharan Blend, Indonesia's Minas, Nigeria's Bonny Light, Saudi Arabia's Arabian Light, Dubai of the United Arab Emirates, Venezuela's Tia Juana, and Mexico's Isthmus crude.
MN/AH/AR