§ Mr. Hayward
asked the Secretary of State for Energy what has been the average Brent crude oil spot price since 1 April 1986.
§ Mr. Buchanan-Smith
There is no single definitive price series for the Brent crude oil spot price, but rather several competing price reporting systems. For the period I April to end December 1986 the estimated average across several prices series is in the range $13.1 to $13.5 a barrel.