1. 3 - 5 December 2009 Alexander A. Dynkin IMEMO Director

2. Oil price dynamics WTIdated Brent US$ per barrel % change to the previous month/period US$ per barrel % change to the previous month/period November 2008 57-25,252-26,7 December 2008 41-28,240-23,8 January 2009 42421,41,4438,78,7 February 2009 39-6,343-0,3 March 2009 484822,647477,47,4 April 2009 503,63,6 7,87,8 May 2009 5918,95714,2 June 20097033,56932,6 July 200964-8,464-7 August 20097110,87312,5 September 200969-2,368-6,7 October 2009769,1737,6 November 2009783,3775,3 Jan – Nov 200961-42,560-41,1 Slide 1

3. WTI Price: confidence intervals derived from options (as on November 27, 2009) Slide 2

4. Moving window correlation of WTI and S&P500 returns, beginning of 2007 – 27 November 2009 Slide 3

5. World oil demand, mln barrels per day Slide 4

6. OECD countries oil commercial stocks, October 2005 – October 2009 г., days Slide 5

7. OPEC surplus crude oil production capacity, January 2005 – October 2009 Slide 6