January 15, 2004

OPEC daily basket price falls to 30.53 dollars

Vienna, Jan 15, IRNA -- The price of the OPEC basket of seven crudes
stood at 30.53 dollars a barrel on Wednesday, compared with 31.08
dollars the previous day, according to OPEC Secretariat calculations
released here Thursday.
For the fourth quarter of 2003, the basket price averaged 28.86
dollars a barrel, as against 27.38 dollars in the third quarter.
The price of the basket in 2003 averaged 28.10 dollars a barrel,
compared with 24.36 dollars the previous year.

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