LONDON OIL FUTURES

LONDON OIL FUTURES

International Petroleum Exchange

Nov. 12, 1993Brent Crude Oil - (Dollars Per Barrel)

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High Low Bid Asked Bid

Dec. 15.77 15.22 15.50 15.51 15.63

Jan. 16.10 15.57 15.80 15.81 15.91

Feb. 16.32 15.87 16.10 __ 16.17

Mar. 16.49 16.05 16.30 16.33 16.35

Total sales, 53,801 contracts.

London Gas Oil - (Dollars Per Metric Ton)

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High Low Bid Asked Bid

Dec. 164.75 161.00 160.75 161.00 163.50

Jan. 163.50 160.00 160.00 160.25 162.25

Feb. 163.00 159.50 159.25 159.50 162.00

Mar. 162.00 158.25 158.50 158.75 161.25

Apr. 161.00 158.00 158.00 __ 160.00

May 160.25 158.00 158.00 __ 159.00

Total sales, 11,850 contracts.

Gas oil is distillate fuel oil. To find the equivalent price per barrel, divide the dollars-per-metric-ton price by 7.59 (there are 7.59 barrels per ton). To find the cents-per-gallon price, divide the per- barrel figure by 42 (there are 42 gallons in a barrel).