HC Deb 30 October 1985 vol 84 c487W
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.