Puerto La Cruz hosted the Caribbean Series in 1998, and the Dominican Republic's Águilas Cibaeñas were perfect through the round-robin, going 6-0 to claim the championship. Puerto Rico's Indios de Mayagüez were the runner-up, as Cibaeñas delivered back-to-back titles with an unblemished record.
Champion: Águilas Cibaeñas · Country: Dominican Republic · Host: Puerto La Cruz, Venezuela · Manager: Tony Peña · Record: 6-0
It was the 2nd Caribbean Series title for Águilas Cibaeñas and the 11th for Dominican Republic, which has won 23 in all. Puerto La Cruz hosted the tournament for the 2nd time.
The 1997 edition was won by Águilas Cibaeñas in Hermosillo. Tigres del Licey took the 1999 title in San Juan.