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DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS

Politics Materials 15 August 2005 12:05 (UTC +04:00)

On 15 August the oil futures prices went down for the first time over the past 4 months. The first drop in prices after 9 August was the result of fixation of profits and increase of open short position in the market. Indeed, during the trading sessions Brent quotations succeeded to beat the new record at $66.85 per barrel.

Maximal price of deals with Light Sweet $67.00 per barrel in the beginning of the week, or 10 cents down as compared to absolute record registered on 12 August.

The September oil futures ended with the same point at NYMEX in Dublin and London. Thus, official price made up $65.58 (-$0.88) per barrel, while prices on deals corresponded to $65.58-$66.51 per barrel.

Meanwhile, analysts explain the decreasing interests towards the purchases with high oil prices, fixation of profits and absence of updated news. No new �trouble’ occurred in the oil refinery sector in the United States at the weekend. In the opposite some companies reported on successful removal of technical difficulties, and their oil refineries work in full capacity.

Last week rates of Azerbaijani manat grew 10 points in regard to US dollar and made up 4664 manats.

Euro rates started the week at 5768.88 manats per euro, and completed at 5812.74 manats. Thus, it grew 43.86 points. The difference between the maximal and minimal indices was 43.86 points.

The prices of privatization shares remained unchanged.

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