§ Mr. Skeetasked the Secretary of State for Energy what has been the trend in the movement in the spot crude oil price over the past six months in reference to the market price of $34 a barrel for Saudi light; and if he will make a statement.
§ Mr. MellorThe following table shows spot prices for Arab light on the first and fifteenth day of each month and is illustrative of the general trends; there were, in addition, daily fluctuations. We do not believe it possible to draw useful conclusions from these movements.
$ per barrel July 1 31.90 July 15 31.75 August 1 31.65 August 15 30.90 September 1 33.25 September 15 32.75 October 1 33.50 October 15 33.35 November 1 33.40 November 15 31.80 December 1 30.20 December 15 30.70