T71
Spot OPEC Reference Basket Price and its Components,1982-2007
(US Dollars per Barrel)
   Algeria Angola Ecuador Indonesia I.R. Iran Iraq Kuwait S.P.LibyanA.J. Nigeria Qatar S. Arabia UAE Venezuela OPEC
   Saharan B. Girassol Oriente Minas Iran Heavy Basrah Light K.Export Ess Sieder Bonny Light Marine A.Light Murban BCF-17 R.Basket
1982 33.51 - 31.02 32.68 28.73 31.52 29.34 32.49 33.48 - 31.72 32.96 - 32.38
1983 29.90 - 27.52 28.98 27.22 28.43 27.34 29.14 29.90 - 28.78 29.26 - 29.04
1984 28.72 - 27.34 27.96 26.18 27.78 26.77 28.43 28.89 - 28.06 28.31 - 28.20
1985 27.63 - 25.68 25.99 25.56 26.65 26.29 27.31 27.77 - 27.54 27.43 - 27.01
1986 14.53 - 12.51 13.42 13.04 13.63 12.65 13.42 14.48 - 13.73 13.65 - 13.53
1987 18.36 - 17.08 17.78 16.57 16.90 16.48 17.74 18.50 17.05 17.23 17.54 - 17.73
1988 15.14 - 14.14 15.10 12.85 13.66 12.61 14.41 15.11 13.60 13.40 13.92 - 14.24
1989 18.53 - 17.79 17.63 15.54 16.33 15.23 17.78 18.50 16.13 16.21 16.61 - 17.31
1990 24.34 - 22.14 23.26 19.91 - 15.06 23.24 24.16 21.10 20.82 21.70 - 22.26
1991 21.04 - 18.64 19.40 16.33 - - 19.51 20.55 17.86 17.43 18.17 - 18.62
1992 20.03 - 18.21 19.24 16.72 - 16.85 18.79 19.95 18.35 17.94 18.86 - 18.44
1993 17.50 - 16.00 17.89 14.08 - 14.07 16.43 17.57 16.00 15.68 16.90 - 16.33
1994 16.19 - 15.41 16.21 14.56 - 14.11 15.57 16.21 15.63 15.39 16.21 - 15.53
1995 17.41 - 16.88 17.64 16.26 - 15.90 17.06 17.34 16.58 16.73 17.18 - 16.86
1996 21.33 - 20.34 20.70 18.49 - 18.41 20.70 21.24 19.36 19.91 20.30 - 20.29
1997 19.62 - 17.42 19.26 18.00 - 17.81 19.00 19.40 18.75 18.71 19.59 - 18.68
1998 13.02 - 11.17 12.31 11.45 10.77 11.26 12.90 12.77 12.23 12.20 12.67 - 12.28
1999 18.12 - 16.95 17.84 16.93 16.28 16.75 18.04 18.07 17.38 17.45 17.89 - 17.48
2000 28.77 - 27.37 28.75 26.02 24.92 25.78 28.62 28.49 26.63 26.81 27.75 - 27.60
2001 24.74 - 21.78 24.11 21.67 20.00 21.37 24.70 24.50 23.23 23.06 24.02 - 23.12
1905 24.91 31.02 21.95 25.60 23.09 23.32 23.61 24.55 25.15 23.99 24.32 24.87 - 24.36
2003 28.73 28.33 25.42 29.52 26.34 26.60 26.89 28.21 28.77 27.05 27.69 28.25 - 28.10
2004 38.35 35.77 30.31 36.85 33.06 34.60 34.08 36.58 38.27 34.04 34.53 36.65 - 36.05
2005 54.64 51.33 43.43 54.01 47.99 48.33 48.66 52.62 55.67 50.49 50.21 54.09 40.53 50.64
2006 66.05 63.06 53.93 65.23 59.27 57.97 58.88 63.35 66.84 62.64 61.10 66.06 52.01 61.08
2007 74.66 70.88 61.55 73.56 67.06 66.40 66.35 71.41 75.14 69.30 68.75 72.87 61.80 69.08
                             
1982         Jan 36.00 - 33.16 33.80 31.20 34.06 32.23 35.94 35.95 - 34.06 34.55 - 34.63
Feb 31.38 - 30.13 31.70 28.06 29.88 27.38 31.25 31.75 - 30.11 31.88 - 30.85
Mar 29.25 - 28.80 31.20 26.10 28.23 26.35 28.90 28.75 - 28.47 30.80 - 29.20
Apr 32.66 - 30.25 34.38 28.19 30.63 27.88 32.31 32.44 - 31.19 32.25 - 32.24
May 34.88 - 32.95 33.00 29.75 32.56 29.75 33.90 34.81 - 33.41 34.05 - 33.68
Jun 34.60 - 32.75 32.35 29.45 31.84 29.65 33.65 34.90 - 32.65 33.52 - 33.18
Jul 34.13 - 32.00 32.19 29.25 31.68 29.75 33.50 34.69 - 31.75 33.08 - 32.71
Aug 33.97 - 30.45 33.20 28.50 31.45 28.95 31.54 33.70 - 31.55 32.75 - 32.37
Sep 35.00 - 31.63 33.44 28.43 32.73 30.45 32.95 34.75 - 33.23 33.98 - 33.65
Oct 35.06 - 31.55 32.81 29.30 32.25 30.65 33.38 35.00 - 33.40 34.75 - 33.58
Nov 33.70 - 30.08 32.50 29.04 31.85 30.30 32.15 33.70 - 31.40 32.90 - 32.14
Dec 32.10 - 29.00 32.00 28.00 31.25 29.25 31.38 32.08 - 30.18 31.50 - 31.02
1983         Jan 31.65 - 29.00 32.00 28.25 31.25 29.38 30.31 31.65 - 30.44 31.56 - 30.90
Feb 29.44 - 28.00 31.48 27.25 29.31 27.93 28.19 29.38 - 29.15 29.69 - 29.22
Mar 28.35 - 25.70 28.26 26.30 28.00 26.28 27.51 28.35 - 28.20 28.70 - 28.05
Apr 29.71 - 26.94 28.44 26.99 28.69 27.13 28.84 29.60 - 28.74 29.19 - 28.95
May 29.88 - 27.25 28.70 27.07 28.02 26.92 29.18 29.76 - 28.59 28.90 - 28.90
Jun 30.33 - 27.25 28.50 27.24 27.90 27.04 29.33 30.13 - 28.84 29.00 - 29.19
Jul 30.80 - 27.63 28.69 27.48 27.98 27.25 30.01 30.66 - 28.98 29.23 - 29.47
Aug 30.89 - 28.50 28.81 27.60 28.00 27.37 30.15 31.04 - 28.91 29.32 - 29.54
Sep 30.53 - 28.20 28.85 27.28 28.00 27.35 29.73 30.51 - 28.65 29.11 - 29.19
Oct 29.45 - 27.80 28.59 27.26 28.19 27.41 29.35 29.93 - 28.58 29.14 - 28.83
Nov 29.05 - 27.51 28.16 27.13 28.06 27.28 28.71 29.31 - 28.29 28.98 - 28.43
Dec 29.10 - 26.76 27.80 27.03 28.00 27.18 28.60 28.78 - 28.26 28.54 - 28.09
1984         Jan 29.54 - 26.92 27.80 27.02 28.00 27.34 28.83 29.32 - 28.63 28.67 - 28.45
Feb 29.78 - 27.61 27.65 27.08 28.00 27.34 29.10 29.70 - 28.49 28.73 - 28.73
Mar 30.03 - 28.18 27.40 27.03 27.89 27.40 29.69 30.05 - 28.49 28.71 - 28.94
Apr 30.05 - 28.00 28.25 27.18 27.85 27.40 29.78 30.11 - 28.39 28.90 - 28.92
May 29.90 - 27.96 28.63 26.12 27.54 26.82 29.56 29.93 - 28.40 29.11 - 28.90
Jun 29.35 - 27.66 28.31 24.56 28.38 24.80 28.75 29.33 - 28.04 28.81 - 28.48
Jul 27.63 - 27.12 28.36 24.50 27.64 25.84 27.49 28.10 - 27.42 27.78 - 27.71
Aug 27.80 - 27.35 28.23 25.40 27.33 26.35 27.73 28.40 - 27.76 27.68 - 27.86
Sep 27.89 - 27.69 28.31 26.38 27.81 27.08 27.74 28.48 - 27.84 27.95 - 27.98
Oct 27.90 - 26.80 27.90 26.58 27.50 27.18 27.62 28.15 - 27.76 27.80 - 27.82
Nov 27.43 - 26.69 27.44 26.23 27.70 27.10 27.45 27.80 - 27.83 27.89 - 27.50
Dec 27.35 - 26.25 27.05 26.16 27.70 26.56 27.45 27.31 - 27.66 27.69 - 27.16
1985         Jan 26.30 - 25.06 26.83 25.94 27.62 27.13 26.92 27.09 - 27.86 27.93 - 27.11
Feb 27.80 - 25.05 26.65 26.35 26.98 27.21 28.21 27.89 - 27.70 27.74 - 27.60
Mar 28.04 - 26.50 26.68 25.89 27.19 27.00 28.03 28.04 - 27.74 27.64 - 27.70
Apr 27.73 - 26.52 26.63 25.41 26.82 26.76 27.66 27.98 - 27.61 27.59 - 27.38
May 26.60 - 26.20 26.13 24.76 25.35 25.68 26.38 26.85 - 26.96 26.84 - 26.35
Jun 26.60 - 25.28 25.78 24.83 25.43 25.45 26.01 26.66 - 26.78 26.80 - 25.93
Jul 27.07 - 25.36 25.55 24.69 25.74 25.39 26.24 26.97 - 27.06 26.85 - 26.17
Aug 27.44 - 25.56 25.38 25.66 26.33 25.61 26.91 27.79 - 27.41 27.29 - 26.74
Sep 28.01 - 25.71 25.40 26.03 27.00 26.35 27.25 28.09 - 27.59 27.54 - 27.05
Oct 28.83 - 25.79 25.60 26.07 27.33 26.36 28.38 28.87 - 27.85 27.60 - 27.45
Nov 29.83 - 27.07 25.60 25.70 27.22 26.44 29.24 29.89 - 27.94 27.81 - 28.18
Dec 27.50 - 24.38 25.60 25.41 26.60 26.02 26.67 27.25 - 27.87 27.50 - 26.52
1986         Jan 22.50 - 21.37 24.46 23.48 23.97 23.15 21.69 22.38 - 23.79 24.08 - 22.23
Feb 17.75 - 13.17 18.74 17.58 18.89 14.66 17.24 17.40 - 15.88 16.25 - 15.95
Mar 14.25 - 11.37 12.45 12.71 13.07 11.11 13.43 14.21 - 13.13 12.20 - 12.82
Apr 12.66 - 10.94 10.43 9.73 11.51 9.85 11.49 12.50 - 11.30 11.11 - 11.55
May 14.03 - 12.59 11.91 11.36 12.36 11.53 12.58 14.41 - 12.63 12.19 - 12.85
Jun 12.38 - 10.45 11.18 10.00 10.74 10.05 10.49 12.09 - 10.75 10.76 - 11.21
Jul 9.78 - 8.37 9.15 7.58 8.33 7.50 8.67 9.82 - 8.50 8.42 - 9.04
Aug 13.60 - 12.25 11.26 11.64 12.33 11.68 11.85 13.91 - 13.11 12.61 - 12.73
Sep 14.22 - 12.17 12.72 13.06 13.34 12.91 13.22 14.11 - 13.70 13.88 - 13.29
Oct 13.69 - 12.09 12.94 12.93 12.96 12.78 12.80 13.60 - 14.00 13.79 - 13.33
Nov 14.48 - 12.56 13.33 13.36 13.38 13.25 13.60 14.49 - 13.81 14.16 - 13.62
Dec 16.27 - 13.94 14.21 14.85 14.43 14.77 15.23 16.12 - 15.60 15.76 - 15.08
1987         Jan 18.50 - 16.95 17.20 16.99 17.13 16.86 17.80 18.40 - 17.56 17.80 - 17.49
Feb 17.48 - 15.69 17.61 16.10 16.09 16.26 16.91 17.43 - 16.69 17.48 - 16.91
Mar 18.15 - 15.91 17.50 16.65 16.92 16.40 17.48 18.20 - 17.27 17.68 - 17.46
Apr 18.33 - 16.84 17.55 16.75 17.10 16.54 17.73 18.25 - 17.36 17.71 - 17.62
May 18.66 - 17.40 17.58 17.00 17.10 16.54 18.18 18.84 - 17.33 17.73 - 17.94
Jun 18.83 - 17.64 17.86 17.04 17.27 16.75 18.38 19.01 - 17.50 17.81 - 18.22
Jul 19.95 - 18.99 18.85 17.46 17.88 17.20 19.20 20.10 - 17.75 18.34 - 19.14
Aug 19.05 - 17.69 18.63 16.96 17.39 16.68 18.50 19.10 17.65 17.55 17.76 - 18.58
Sep 18.34 - 17.48 18.03 16.82 17.11 16.48 17.55 18.55 17.30 17.36 17.51 - 17.90
Oct 18.65 - 18.44 18.21 16.79 17.29 16.59 17.99 19.03 17.40 17.36 17.63 - 18.09
Nov 17.76 - 16.96 17.88 15.68 16.33 16.55 17.15 18.05 17.15 17.35 17.28 - 17.47
Dec 16.95 - 15.37 16.71 14.88 15.45 15.14 16.36 17.28 15.94 15.86 16.09 - 16.18
1988         Jan 16.45 - 15.45 17.20 15.25 15.39 15.20 16.05 16.85 15.99 15.63 16.55 - 16.01
Feb 15.63 - 14.83 17.26 14.36 14.51 14.49 15.01 15.80 15.43 15.14 16.21 - 15.66
Mar 15.06 - 14.27 15.79 13.18 13.87 13.04 14.34 15.02 14.09 13.70 14.50 - 14.41
Apr 16.85 - 15.70 16.28 14.68 15.64 14.55 16.06 16.76 15.39 15.21 15.55 - 15.85
May 16.62 - 15.48 16.65 14.44 15.13 14.22 15.77 16.57 15.30 15.10 15.49 - 15.83
Jun 15.53 - 14.48 16.29 13.21 14.01 12.91 14.74 15.38 13.83 13.75 14.11 - 14.72
Jul 15.48 - 14.66 15.04 13.03 13.99 12.74 14.69 15.39 13.61 13.50 13.85 - 14.35
Aug 14.93 - 13.96 14.61 12.69 13.40 12.44 14.19 14.90 13.42 13.21 13.71 - 14.00
Sep 13.41 - 12.96 13.53 11.26 11.76 10.88 12.61 13.34 11.79 11.56 12.09 - 12.65
Oct 12.65 - 11.73 11.91 9.81 10.99 9.38 11.93 12.59 10.50 10.46 10.70 - 11.52
Nov 13.42 - 11.90 12.46 10.34 11.53 9.87 12.68 13.33 11.01 10.92 11.19 - 12.00
Dec 15.76 - 14.45 14.40 12.16 13.86 11.76 14.98 15.59 13.05 12.81 13.29 - 14.10
1989         Jan 17.42 - 16.52 17.16 13.90 15.58 13.52 16.62 17.27 14.76 14.61 15.19 - 15.92
Feb 17.38 - 16.63 17.49 14.08 15.49 13.71 16.56 17.23 15.04 14.91 15.38 - 16.17
Mar 19.24 - 18.05 17.44 15.84 17.54 15.49 18.53 19.18 16.65 16.58 16.94 - 17.55
Apr 20.56 - 20.06 18.56 16.99 18.69 16.63 19.81 20.49 17.43 17.74 17.74 - 18.94
May 19.02 - 18.07 18.33 15.60 17.27 15.25 18.29 18.96 15.98 16.24 16.36 - 17.79
Jun 17.85 - 17.50 18.40 15.39 15.99 15.13 17.10 17.85 15.85 15.96 16.40 - 17.27
Jul 17.94 - 17.49 18.09 15.48 16.16 15.10 17.23 18.14 15.70 16.03 16.28 - 17.27
Aug 16.88 - 16.51 16.75 15.11 15.14 14.61 16.19 16.87 15.49 15.46 15.90 - 16.23
Sep 17.95 - 17.10 16.55 15.65 16.10 15.25 17.31 17.93 16.11 16.10 16.58 - 16.83
Oct 19.22 - 17.90 17.09 15.99 16.00 16.03 18.50 19.26 16.66 16.74 17.22 - 17.61
Nov 19.03 - 18.30 17.74 15.94 16.30 15.76 18.20 19.00 16.65 16.76 17.26 - 17.74
Dec 20.25 - 19.90 18.29 16.96 16.00 16.71 19.44 20.28 17.70 17.80 18.49 - 18.84
1990         Jan 21.68 - 20.59 20.44 17.35 16.00 17.27 20.91 21.64 18.03 18.32 18.76 - 19.98
Feb 20.05 - 19.80 20.89 16.53 16.00 16.40 19.33 20.04 17.43 17.58 18.21 - 19.03
Mar 18.61 - 18.36 18.71 15.60 16.65 15.39 17.89 18.73 16.49 16.51 16.95 - 17.67
Apr 16.79 - 15.01 16.81 13.83 15.00 13.58 16.05 17.10 14.99 14.61 15.34 - 15.63
May 16.58 - 14.64 15.93 13.55 14.49 13.59 15.78 16.75 15.01 14.63 15.39 - 15.47
Jun 15.03 - 13.39 14.88 12.01 12.76 11.98 14.41 15.46 13.86 13.14 14.35 - 14.02
Jul 17.49 - 16.33 16.49 14.48 15.47 13.82 16.84 17.86 16.13 15.36 16.71 - 16.26
Aug 28.71 - 26.96 26.34 25.19 - 22.15 27.71 28.60 26.06 25.78 26.89 - 26.44
Sep 36.01 - 32.20 31.24 29.41 - - 34.63 35.31 30.29 30.10 30.44 - 32.10
Oct 37.97 - 32.81 37.06 31.21 - - 36.09 36.95 32.37 31.85 33.22 - 34.32
Nov 34.36 - 30.53 33.26 27.49 - - 32.35 33.55 28.88 28.50 29.73 - 30.78
Dec 29.76 - 26.06 27.79 22.99 - - 27.79 28.85 24.39 24.19 25.05 - 26.16
1991        Jan 25.00 - 22.98 23.96 19.45 - - 23.61 24.55 20.85 20.70 21.20 - 22.32
Feb 21.10 - 16.91 20.03 14.24 - - 19.11 20.25 15.46 15.31 15.49 - 17.47
Mar 20.48 - 18.16 17.50 14.89 - - 18.68 19.36 16.04 15.94 15.64 - 17.19
Apr 19.89 - 18.33 17.31 15.22 - - 18.65 19.41 16.53 16.35 16.34 - 17.47
May 19.59 - 17.45 18.23 16.01 - - 18.46 19.39 17.16 16.61 17.26 - 17.76
Jun 18.74 - 17.41 18.46 15.23 - - 17.40 18.53 16.60 16.13 16.70 - 17.22
Jul 20.07 - 18.15 19.07 15.77 - - 18.71 19.81 17.46 17.02 18.06 - 18.20
Aug 20.46 - 18.39 19.16 16.11 - - 19.01 20.18 17.94 17.38 18.51 - 18.48
Sep 21.50 - 19.05 19.10 17.35 - - 19.81 21.03 19.10 18.28 19.50 - 19.19
Oct 23.29 - 20.06 19.60 18.45 - - 21.61 22.81 20.20 19.64 20.91 - 20.42
Nov 22.20 - 19.28 20.58 17.99 - - 20.55 21.74 19.76 19.03 20.38 - 19.84
Dec 19.50 - 16.76 19.27 14.75 - - 17.83 18.91 16.59 16.14 17.29 - 17.28
1992        Jan 19.30 - 15.79 18.08 14.86 - - 17.71 18.60 16.61 15.95 17.31 - 16.69
Feb 19.30 - 15.90 17.93 15.33 - - 17.70 18.63 17.08 16.48 17.46 - 16.89
Mar 18.49 - 16.33 17.26 15.38 - 15.15 17.08 18.22 17.11 16.53 17.26 - 16.71
Apr 19.71 - 17.79 17.45 16.30 - 15.80 18.50 19.75 17.95 17.50 18.10 - 17.83
May 20.51 - 18.56 18.06 17.18 - 16.81 19.34 20.55 18.78 18.36 19.13 - 18.70
Jun 21.52 - 20.54 20.38 18.48 - 18.17 20.41 21.76 20.06 19.72 20.43 - 20.14
Jul 20.69 - 19.65 21.24 18.05 - 17.70 19.55 20.94 19.75 19.25 20.00 - 19.74
Aug 20.25 - 18.85 20.31 17.43 - 17.08 19.11 20.46 18.94 18.63 19.38 - 19.16
Sep 20.71 - 19.27 19.71 17.91 - 17.50 19.62 20.86 19.37 19.10 20.19 - 19.40
Oct 20.96 - 19.66 20.26 17.74 - 17.34 19.85 20.95 19.16 18.94 19.95 - 19.56
Nov 20.01 - 18.58 20.59 16.40 - 16.28 18.84 19.91 18.05 17.78 18.85 - 18.73
Dec 18.97 - 17.44 19.62 15.48 - 15.29 17.86 18.83 17.24 16.88 18.14 - 17.69
1993         Jan 17.76 - 16.56 18.48 14.56 - 14.59 16.83 17.80 16.20 15.92 17.20 - 16.71
Feb 18.88 - 18.28 18.83 15.58 - 15.34 18.03 19.13 16.98 16.84 17.98 - 17.66
Mar 19.23 - 18.17 20.16 15.87 - 15.69 18.19 19.42 17.34 17.39 18.34 - 18.15
Apr 19.08 - 18.01 20.46 15.88 - 15.63 18.10 19.24 17.30 17.33 18.30 - 18.13
May 18.83 - 17.57 20.64 14.85 - 15.17 17.93 19.01 16.90 16.87 17.90 - 17.89
Jun 17.93 - 16.56 19.36 14.55 - 14.67 17.06 18.25 16.66 16.37 17.63 - 17.11
Jul 17.24 - 15.24 17.64 13.13 - 13.42 16.19 17.51 15.81 15.12 16.66 - 15.96
Aug 17.34 - 15.74 17.39 13.63 - 13.67 16.11 17.22 15.92 15.26 16.41 - 15.90
Sep 16.51 - 15.04 16.33 13.10 - 12.70 15.39 16.44 14.70 14.70 15.39 - 15.23
Oct 17.15 - 15.57 16.14 13.73 - 13.88 15.90 17.08 15.89 15.48 16.84 - 15.75
Nov 15.75 - 13.54 15.14 12.57 - 12.75 14.47 15.66 14.86 14.30 15.83 - 14.47
Dec 14.19 - 11.68 14.05 11.38 - 11.20 12.96 13.96 13.29 12.50 14.13 - 12.87
1994         Jan 14.88 - 13.08 14.58 12.25 - 11.88 13.80 14.74 13.89 13.63 14.78 - 13.71
Feb 14.57 - 13.58 15.15 11.97 - 11.71 13.68 14.50 13.81 13.46 14.63 - 13.77
Mar 14.42 - 13.44 13.84 11.84 - 11.68 13.74 14.40 13.44 12.94 14.14 - 13.29
Apr 15.55 - 15.11 14.23 13.43 - 13.07 15.04 15.55 14.71 14.27 15.33 - 14.52
May 16.52 - 16.40 15.61 14.45 - 14.18 16.06 16.72 15.74 15.43 16.35 - 15.74
Jun 16.95 - 16.31 16.70 15.77 - 15.12 16.49 17.21 16.52 16.46 17.15 - 16.50
Jul 17.64 - 16.88 19.25 16.52 - 16.07 17.06 17.85 17.16 17.07 17.65 - 17.43
Aug 16.78 - 16.53 19.45 15.98 - 15.55 16.32 16.98 16.70 16.63 17.13 - 16.86
Sep 16.01 - 15.57 16.45 15.60 - 14.69 15.46 16.01 16.07 15.89 16.48 - 15.71
Oct 16.87 - 15.54 16.53 15.68 - 14.92 16.26 16.89 16.27 16.07 16.77 - 16.14
Nov 17.74 - 16.61 16.32 16.23 - 15.58 17.25 17.58 16.93 16.68 17.45 - 16.72
Dec 16.20 - 15.78 16.28 15.33 - 15.14 15.84 15.94 16.52 16.19 16.92 - 15.84
1995         Jan 16.99 - 16.64 17.55 15.97 - 15.71 16.73 16.92 16.88 16.76 17.43 - 16.67
Feb 17.36 - 17.12 19.15 16.60 - 16.24 17.25 17.54 17.34 17.29 17.97 - 17.29
Mar 17.24 - 17.03 18.81 16.27 - 15.96 17.04 17.24 17.11 17.02 17.57 - 17.15
Apr 18.87 - 18.21 18.63 17.67 - 17.38 18.68 18.84 18.08 18.03 18.47 - 18.28
May 18.70 - 18.35 18.46 17.58 - 17.15 18.43 18.71 17.81 17.82 18.30 - 18.13
Jun 17.64 - 17.10 17.15 16.48 - 15.74 17.46 17.58 16.42 16.79 17.09 - 16.98
Jul 16.11 - 15.96 16.04 15.32 - 15.02 15.79 15.95 15.26 15.67 15.85 - 15.63
Aug 16.37 - 16.36 16.51 15.59 - 15.30 15.94 16.25 15.53 15.96 16.19 - 15.95
Sep 17.24 - 16.19 16.76 15.74 - 15.35 16.66 17.11 15.90 16.15 16.42 - 16.35
Oct 16.70 - 15.40 16.75 15.10 - 14.74 16.14 16.56 15.32 15.54 15.95 - 15.85
Nov 17.32 - 17.11 17.33 15.79 - 15.48 16.83 17.19 16.04 16.30 16.83 - 16.50
Dec 18.55 - 17.29 18.84 17.15 - 16.81 17.99 18.44 17.32 17.61 18.22 - 17.76
1996         Jan 18.66 - 17.36 20.26 16.68 - 16.51 18.06 18.55 17.21 17.39 18.00 - 18.05
Feb 18.66 - 17.95 19.54 16.00 - 15.96 18.33 18.64 16.85 17.34 17.57 - 17.91
Mar 20.61 - 20.17 19.41 17.02 - 16.79 20.15 20.64 17.63 19.10 18.50 - 19.35
Apr 21.48 - 21.98 19.26 17.56 - 17.62 20.93 21.43 18.29 20.67 19.07 - 20.24
May 19.76 - 19.69 19.11 16.83 - 16.96 19.25 19.58 17.76 18.85 18.40 - 18.92
Jun 18.85 - 18.62 19.60 17.16 - 17.08 18.38 18.73 17.78 18.02 18.95 - 18.37
Jul 20.10 - 19.45 20.11 17.48 - 17.47 19.48 20.04 18.57 18.66 19.50 - 19.29
Aug 21.13 - 20.08 19.24 18.31 - 18.26 20.49 21.15 19.41 19.51 20.39 - 19.95
Sep 23.09 - 22.01 20.80 19.97 - 19.87 22.29 22.95 21.08 21.12 22.11 - 21.68
Oct 24.79 - 22.43 23.34 21.53 - 21.34 24.15 24.74 22.30 22.54 23.57 - 23.28
Nov 23.45 - 21.14 22.93 20.90 - 20.77 22.76 23.11 21.93 21.91 22.97 - 22.23
Dec 24.68 - 22.72 23.98 21.79 22.05 21.69 24.13 24.53 22.93 23.05 23.98 - 23.50
1997         Jan 24.18 - 22.36 25.04 21.32 20.81 21.37 23.50 24.04 22.79 22.58 23.51 - 23.19
Feb 21.80 - 18.95 21.69 18.81 18.03 18.88 21.06 21.65 20.32 20.03 21.00 - 20.48
Mar 19.66 - 17.25 18.91 17.98 17.38 18.04 19.08 19.39 19.47 19.11 20.26 - 18.64
Apr 17.95 - 16.50 18.41 16.64 16.39 16.77 17.26 17.82 18.29 17.87 18.95 - 17.46
May 19.65 - 17.55 18.83 18.37 17.47 18.25 18.71 19.60 19.29 19.35 20.27 - 18.76
Jun 18.09 - 16.03 17.93 17.16 - 16.95 17.20 17.95 17.81 17.95 18.79 - 17.37
Jul 19.01 - 16.54 18.04 17.25 - 16.93 18.21 18.95 17.50 17.85 18.53 - 17.86
Aug 19.26 - 16.98 18.15 17.51 16.15 17.09 18.45 19.04 17.85 17.79 18.59 - 18.06
Sep 19.19 - 16.89 17.96 17.86 16.97 17.55 18.38 18.89 18.21 18.21 19.11 - 18.16
Oct 20.36 - 18.32 20.16 19.27 17.79 18.72 20.18 19.98 19.36 19.42 20.28 - 19.54
Nov 19.80 - 17.32 19.66 18.65 16.73 18.19 19.54 19.36 18.74 18.81 19.61 - 18.84
Dec 17.70 - 15.40 17.59 16.17 - 15.98 17.53 17.34 16.55 16.58 17.32 - 16.84
1998         Jan 15.56 - 13.16 14.64 12.90 12.86 12.80 15.45 15.25 13.72 13.61 14.12 - 14.42
Feb 14.48 - 12.49 13.60 11.79 11.54 11.69 14.29 14.11 12.79 12.80 12.90 - 13.45
Mar 13.49 - 10.94 12.40 10.71 10.95 10.61 13.34 13.14 11.85 11.67 11.96 - 12.41
Apr 13.82 - 11.24 13.13 11.23 11.13 10.99 13.64 13.51 12.51 12.18 12.70 - 12.76
May 14.55 - 11.11 12.54 11.78 11.13 11.55 14.59 14.46 12.87 12.73 13.54 - 13.14
Jun 12.06 - 10.65 11.87 10.97 10.26 10.73 12.20 11.89 12.14 11.88 12.48 - 11.67
Jul 12.47 - 11.35 12.74 11.17 10.34 10.97 12.25 12.01 12.12 11.87 12.73 - 12.06
Aug 12.41 - 10.84 12.00 11.66 10.26 11.33 12.05 12.14 12.19 12.48 12.85 - 11.90
Sep 13.73 - 12.33 11.69 12.63 11.61 12.39 13.54 13.59 12.74 13.17 13.58 - 12.91
Oct 12.83 - 11.87 12.59 12.22 11.07 12.01 12.71 12.66 12.47 12.72 13.04 - 12.41
Nov 11.25 - 10.33 11.54 11.37 9.53 11.24 11.26 11.15 11.83 11.92 12.26 - 11.19
Dec 10.23 - 8.30 9.89 9.51 8.56 9.31 10.13 9.96 10.08 9.90 10.41 - 9.69
1999         Jan 11.57 - 9.53 11.03 9.97 8.88 9.78 11.37 11.33 10.66 10.43 10.86 - 10.71
Feb 10.41 - 9.31 10.66 9.54 8.96 9.35 10.21 10.24 10.14 10.05 10.24 - 9.96
Mar 12.73 - 12.17 12.51 11.77 11.84 11.54 12.72 12.56 12.31 12.11 12.62 - 12.28
Apr 15.10 - 14.83 15.70 14.32 14.04 14.17 15.17 15.44 14.96 14.92 15.21 - 15.00
May 15.23 - 15.11 16.79 15.05 14.22 14.82 15.30 15.45 15.56 15.60 15.94 - 15.48
Jun 15.78 - 15.14 16.76 14.98 15.05 14.73 15.63 15.86 15.51 15.41 15.96 - 15.61
Jul 19.40 - 17.66 18.38 17.30 16.92 17.10 19.23 19.28 18.09 17.85 18.35 - 18.29
Aug 20.52 - 19.16 19.63 18.96 18.45 18.76 20.53 20.44 19.72 19.58 20.06 - 19.66
Sep 22.86 - 22.34 21.99 21.77 20.77 21.65 22.93 22.90 22.25 22.35 22.85 - 22.18
Oct 22.27 - 21.04 22.36 21.68 20.55 21.53 22.21 22.30 21.75 22.18 22.63 - 21.67
Nov 25.05 - 22.97 23.70 23.26 22.65 23.13 24.77 24.80 23.43 23.66 24.36 - 23.75
Dec 26.13 - 23.78 24.27 24.32 23.11 24.20 26.11 25.86 23.87 25.04 25.19 - 24.77
2000         Jan 25.89 - 25.69 24.39 23.88 24.30 23.70 25.22 25.41 24.30 24.43 24.97 - 24.58
Feb 28.74 - 27.00 26.48 25.04 25.73 24.84 28.49 28.36 25.52 25.85 26.58 - 26.84
Mar 27.65 - 27.21 27.39 25.20 24.36 25.07 27.71 27.54 25.66 26.02 26.71 - 26.71
Apr 22.91 - 22.42 24.15 22.50 22.15 22.29 22.86 22.91 22.95 22.95 23.83 - 22.93
May 28.02 - 26.82 28.26 25.80 24.98 25.60 27.84 27.87 25.80 26.27 27.23 - 26.94
Jun 29.94 - 29.05 31.30 27.64 25.88 27.44 30.14 29.86 27.83 28.09 28.79 - 29.12
Jul 28.76 - 27.34 30.44 26.67 24.48 26.39 29.36 28.75 26.83 27.19 27.79 - 27.94
Aug 29.25 - 27.70 30.33 26.51 26.42 26.21 29.44 29.06 27.39 27.12 28.26 - 28.30
Sep 33.18 - 30.85 33.36 29.35 27.43 29.05 32.51 32.65 30.73 30.60 31.70 - 31.48
Oct 31.19 - 29.90 32.30 29.17 27.37 28.87 30.87 30.67 29.72 30.17 31.37 - 30.42
Nov 33.06 - 31.40 31.07 28.50 26.63 28.20 32.99 32.86 29.47 29.81 30.53 - 31.22
Dec 26.11 - 22.52 24.87 21.41 19.32 21.11 25.40 25.47 22.94 22.65 24.64 - 24.13
2001         Jan 26.08 - 22.78 24.03 21.38 20.59 21.08 25.93 25.43 23.07 22.31 24.24 - 24.06
Feb 27.80 - 24.29 25.62 23.40 21.57 23.10 27.79 27.40 25.14 24.82 25.90 - 25.41
Mar 24.82 - 23.10 25.64 22.33 20.26 22.03 24.69 24.35 23.69 23.77 24.58 - 23.70
Apr 25.65 - 23.86 27.64 22.80 21.32 22.50 25.54 25.43 24.30 24.24 25.15 - 24.38
May 28.47 - 25.01 28.21 24.33 22.47 24.03 28.85 28.51 26.25 25.77 26.80 - 26.25
Jun 28.16 - 24.02 27.86 24.55 22.31 24.25 28.18 28.06 26.18 26.18 26.90 - 26.10
Jul 24.82 - 23.26 25.32 22.73 21.21 22.47 24.96 24.81 24.16 24.03 24.92 - 23.73
Aug 25.96 - 22.93 24.82 23.43 22.29 23.13 25.73 25.41 24.89 24.92 25.58 - 24.46
Sep 26.13 - 21.99 24.59 23.29 20.66 22.99 25.91 25.98 24.83 24.73 25.54 - 24.29
Oct 20.65 - 18.18 19.53 18.79 17.04 18.49 20.62 20.60 20.06 20.16 20.90 - 19.64
Nov 19.00 - 15.89 18.29 16.39 14.73 16.09 19.00 18.92 17.81 17.83 18.62 - 17.65
Dec 19.08 - 15.46 17.64 16.44 15.60 16.14 18.81 18.78 18.25 17.99 18.92 - 17.53
2002         Jan 19.64 - 15.27 18.88 18.64 16.82 18.11 19.47 19.65 18.82 18.83 19.74 - 18.33
Feb 19.73 - 17.03 18.91 18.58 18.50 18.69 19.89 20.30 19.32 19.47 20.24 - 18.89
Mar 22.84 - 20.77 22.92 21.98 22.23 22.74 23.04 23.76 23.12 23.33 24.07 - 22.64
Apr 25.34 - 23.21 25.78 23.73 24.62 24.28 25.04 25.79 24.68 24.98 25.60 - 24.88
May 24.77 - 22.99 25.66 23.40 24.18 24.48 24.51 25.10 24.92 25.33 25.90 - 24.76
Jun 23.60 - 21.54 24.60 22.21 22.99 23.80 23.25 23.98 24.04 24.42 24.93 - 23.80
Jul 25.79 - 22.76 25.27 23.95 24.68 24.39 25.28 25.93 24.72 25.13 25.68 - 25.13
Aug 26.87 - 23.90 25.92 24.74 25.17 25.14 26.28 26.94 25.21 25.63 26.20 - 25.99
Sep 28.17 - 25.59 27.58 26.45 26.68 26.64 27.88 28.46 26.76 27.10 27.58 - 27.38
Oct 27.78 - 24.60 29.69 25.57 26.10 26.23 27.23 27.90 26.59 26.95 27.31 - 27.32
Nov 24.19 - 20.65 28.11 21.66 22.04 22.97 23.59 24.07 23.39 23.87 24.31 - 24.29
Dec 29.34 31.02 24.84 32.80 25.70 25.50 25.65 28.41 29.27 26.26 26.56 26.90 - 28.39
2003         Jan 31.29 31.39 29.01 32.32 28.42 29.30 28.08 30.74 30.78 28.58 29.10 29.44 - 30.34
Feb 32.43 31.79 31.19 31.89 29.22 30.02 30.02 32.14 32.33 30.25 31.11 31.52 - 31.54
Mar 31.21 30.31 26.84 30.70 27.22 26.59 27.81 30.30 30.83 27.87 28.98 29.32 - 29.78
Apr 25.19 24.67 20.63 29.66 22.28 21.18 23.78 24.63 25.27 24.08 24.70 25.29 - 25.34
May 25.24 25.35 22.37 28.76 22.63 24.13 24.35 24.92 25.78 24.50 24.92 25.91 - 25.60
Jun 27.20 27.09 25.07 27.19 24.11 26.19 25.50 26.50 27.46 25.99 26.15 26.95 - 26.74
Jul 27.91 27.79 25.43 27.33 25.71 26.47 26.70 27.55 28.39 26.47 27.24 27.94 - 27.43
Aug 29.59 29.16 26.42 28.38 28.25 27.50 27.78 28.89 29.79 27.59 28.36 28.69 - 28.63
Sep 27.29 26.93 22.96 26.74 26.19 24.99 25.78 26.75 27.47 26.18 26.41 26.71 - 26.32
Oct 29.87 29.59 25.07 29.67 28.29 27.48 27.67 29.12 29.59 28.10 28.26 29.00 - 28.54
Nov 28.94 28.07 25.17 30.12 27.04 27.27 27.76 28.58 28.93 28.02 28.63 29.35 - 28.45
Dec 29.77 28.96 26.45 32.09 27.56 29.20 28.25 29.51 29.64 28.09 29.20 29.92 - 29.44
2004         Jan 31.29 30.29 27.62 30.27 28.08 30.31 29.16 30.72 30.94 28.64 29.83 30.88 - 30.33
Feb 30.57 28.52 26.50 29.38 26.89 28.74 28.61 29.30 30.47 28.54 29.18 30.61 - 29.56
Mar 33.46 32.90 28.20 32.21 29.86 31.45 30.97 32.20 33.34 30.78 31.62 33.06 - 32.05
Apr 33.71 32.17 28.74 32.19 29.96 30.77 31.75 32.03 33.74 31.14 32.48 34.13 - 32.35
May 37.96 36.53 32.89 37.18 33.86 35.25 34.78 37.08 37.87 34.59 35.63 36.77 - 36.27
Jun 35.14 33.37 30.30 36.75 31.58 33.42 33.83 34.84 35.60 33.98 34.70 35.89 - 34.61
Jul 38.16 36.33 31.83 36.28 34.33 35.43 34.98 37.34 38.08 35.21 35.55 37.22 - 36.29
Aug 42.67 40.31 32.96 41.79 37.02 37.84 38.44 40.55 42.55 38.54 38.93 40.92 - 40.27
Sep 43.92 41.01 31.74 44.27 37.10 38.47 36.12 40.14 43.56 36.20 36.58 38.52 - 40.36
Oct 50.48 47.16 36.41 49.68 41.31 41.08 38.81 45.20 49.91 39.21 39.00 41.91 - 45.37
Nov 42.97 37.44 31.06 37.25 34.81 37.83 35.87 40.85 43.60 36.57 35.56 40.14 - 38.96
Dec 39.61 33.35 25.17 34.76 31.67 34.02 34.91 38.21 39.08 34.84 34.64 38.95 - 35.70
2005         Jan 44.39 40.39 30.86 42.55 37.51 38.58 38.55 41.75 44.01 38.44 38.26 42.08 - 40.24
Feb 45.44 41.29 34.60 44.56 38.49 40.01 40.09 41.96 45.43 40.12 40.10 43.53 - 41.68
Mar 52.59 49.06 42.26 54.30 46.50 46.21 46.42 49.71 53.15 46.53 46.85 49.90 32.86 49.07
Apr 51.98 47.69 41.61 55.96 46.06 45.74 47.89 49.67 53.18 48.23 48.68 52.35 32.73 49.63
May 48.69 45.74 38.77 50.34 43.25 44.57 46.36 47.90 50.23 46.66 47.09 51.03 32.39 46.96
Jun 54.41 52.01 45.64 55.01 49.60 50.59 51.15 53.16 55.93 52.27 52.47 55.16 37.48 52.04
Jul 57.30 54.72 49.14 56.18 51.07 52.24 51.31 55.71 58.40 53.57 53.46 57.05 44.07 53.13
Aug 63.67 62.03 54.55 61.07 55.69 57.10 55.18 60.27 65.49 57.49 58.24 61.78 46.15 57.82
Sep 63.30 59.20 53.02 60.27 55.10 55.68 54.60 60.39 65.60 58.37 57.63 62.69 50.79 57.88
Oct 59.48 56.01 46.37 58.62 51.73 51.39 51.76 58.25 60.74 55.80 54.65 59.30 47.51 54.63
Nov 56.15 53.45 41.49 53.87 49.28 48.07 49.19 54.92 57.18 53.17 51.55 56.13 41.33 51.29
Dec 57.65 53.69 42.08 54.43 50.88 49.15 50.83 57.14 57.91 54.72 52.84 57.47 42.34 52.65
2006         Jan 64.06 60.27 50.82 63.35 57.10 55.59 56.52 61.77 64.04 59.85 58.43 62.72 47.90 58.48
Feb 61.59 58.50 48.11 61.35 55.43 52.32 55.01 59.12 62.12 59.06 56.56 61.77 45.90 56.62
Mar 62.98 60.73 50.43 62.30 56.56 54.01 55.80 60.22 63.80 59.39 57.54 62.33 49.52 57.87
Apr 70.21 68.56 58.62 69.17 63.09 61.18 62.20 67.03 71.80 65.62 63.85 68.46 56.01 64.44
May 70.31 68.38 60.80 70.47 63.27 62.32 62.80 67.25 71.75 66.29 64.83 69.84 56.62 65.11
Jun 69.15 66.75 60.70 68.49 62.24 62.38 62.37 66.62 70.22 66.16 65.03 69.66 55.01 64.60
Jul 74.37 70.28 62.43 74.13 66.59 66.49 66.35 71.42 75.49 70.21 69.06 73.70 58.72 68.89
Aug 74.50 70.22 60.63 75.42 66.42 65.42 66.02 70.72 75.29 70.05 68.76 73.66 60.29 68.81
Sep 63.27 60.31 51.28 63.32 57.14 56.40 56.75 61.54 63.87 60.90 59.72 65.01 50.96 59.34
Oct 58.55 56.41 45.66 54.87 53.27 51.53 53.02 56.20 58.75 57.15 55.65 61.04 46.99 54.97
Nov 59.77 56.53 46.37 56.93 53.97 52.31 53.56 57.32 60.32 57.33 55.53 60.94 46.86 55.42
Dec 63.55 59.76 50.69 62.55 55.75 55.23 55.69 60.73 64.28 59.25 57.70 63.12 48.56 57.95
2007         Jan 55.78 51.99 44.59 55.39 47.91 47.63 48.42 52.08 56.18 52.58 50.86 56.42 42.68 50.79
Feb 59.58 56.66 49.97 58.44 51.87 51.19 52.33 55.83 59.58 55.86 54.29 59.58 48.04 54.56
Mar 64.30 60.77 52.88 62.83 56.39 55.99 56.22 60.60 64.60 59.39 58.08 63.19 50.27 58.59
Apr 69.71 66.44 55.58 68.74 61.41 59.74 61.07 66.06 70.01 64.79 62.83 68.39 54.93 63.55
May 70.13 66.52 55.58 68.12 62.72 61.79 62.06 66.03 70.03 65.34 64.15 69.21 56.06 64.48
Jun 74.05 69.00 59.81 68.41 64.77 64.09 63.61 70.25 74.45 66.15 65.92 70.74 60.68 66.89
Jul 78.21 74.42 65.36 76.88 69.65 70.53 67.73 75.81 79.21 70.20 71.05 74.40 65.79 71.89
Aug 73.44 69.81 59.29 73.67 66.60 66.83 65.91 69.84 73.34 69.43 68.76 71.80 62.78 68.71
Sep 78.60 75.48 65.90 76.98 72.63 72.14 71.94 76.07 79.87 73.78 74.28 77.16 66.35 74.18
Oct 84.45 80.23 71.77 84.96 77.30 77.47 76.33 81.80 85.60 78.68 79.31 81.98 72.20 79.32
Nov 94.57 90.21 80.01 93.64 87.17 86.26 86.23 91.92 95.32 87.94 89.02 90.95 81.87 88.84
Dec 93.15 88.98 78.40 94.53 86.31 82.79 84.37 90.75 93.55 87.54 86.29 90.72 79.79 87.05
Note:  OPEC Reference Basket:  Up to May 2005, ORB calculated according to the old methodology.  As of 16th of June, the new basket methodology was implemented.
          (For details, please refer to OPEC Basket under "General Notes").
          Basrah Light:  up to 2001, delivery ex-Yanbu. As of 2002, quotations for US market and as of 16th of June 2005, Market Weighted Average.
          Up to 2005:  Prices are averages of weekly fob quotations.  As of 2006, monthly based on daily quotations.
          As of 2006, Angolan crude Girassol included in the OPEC Basket.
          As of October 19, 2007, Ecuadorian crude Oriente included in the OPEC Basket.
Source:      Platt's, Direct Communication, Reuters, Synidc Oil and Secretariat's Assessments.