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Table - 1: Change in the Price of the OPEC Basket of Crudes*, 2009-2010 ($/bbl) *Nov.2009Dec.Jan.2010Feb.Mar.Apr.MayJuneJulyAug.Sept.Oct.Nov.Monthly Change3.6- 2.32.0- 3.04.25.1- 7.8- 1.5- 0.51.70.45.32.9Month-on-Month Changefrom thePrevious Year26.535.434.531.631.432.117.54.67.92.87.47.26.51.2 Spot Prices ofPetroleum Products- US GulfThe spot prices of premiumgasoline, gas oil and fuel oil ,in October 2010 increased fromtheir previous month levels, by9.1% or ($7.8/bbl) to $93.4/bblfor the Premium gasoline, andby 7.3% or ($6.4/bbl) to $93.4/bbl for the gas oil. Similarly, thespot prices of fuel oil increasedby 7.3% or ($5.1/bbl) to $74.9/bbl.٤٠٣٠٢٠١٠٠١٠-- ٢٠- ٣٠- ٤٠Nov.09Figure - 2: Change in the Price of the OPEC Basket of Crudes,2009-2010 ($/bbl)DecJan. 10Feb.MarchApr.MayMonthly ChangeMonth-on-Month Change from the Previous YearJuneJulyAug.Sept.Oct.Nov.- RotterdamThe spot prices of the three products, in October 2010 were up from their previous month levels, by 7.6% or($6.8/bbl) to $96.1/bbl for the premium gasoline, and by 7.1% or ($6.4/bbl) to $96.9/bbl for the gas oil, and by5.1% or ($3.6/bbl) to $73.8/bbl for the fuel oil* Effective June 16,2005 OPEC replaced its seven-crude basket with one comprised of eleven crudes, one from each membercountry (weighted according to production and exports to major markets). Effective 1 January and mid of December 2007,Angola’s Girassol and Ecuadorian Oriente crudes have been incorporated to become the 12th and 13th crudes comprisingthe new Opec Basket. As of Jan.2009, the basket excludes the Indonesian crude.Volume 37 Issue 16