§ Mr. Hayward
asked the Secretary of State for Energy what information he has as to the trend in crude oil prices over the 12-month period to the latest date for which figures are available; and what projections are available to him about trends over the ensuring three-month period.
§ Mr. Buchanan-Smith
Figures published by the International Energy Agency show that the average price of a barrel of crude oil imported into the IEA area fell about $1.60 between the second quarter of 1984 and the second quarter of 1985.
Short-term indicators show some strengthening of crude oil prices in the third quarter.