Oil market
The last week at the oil futures market (3 вЂ" 7 October) was held under an idea on cut in demand for fuel in the United States. Data by the US Energy Ministry was publicized in mid-week, testified that over the past four weeks average demand for petrol in the United States dropped 2.8% as compared to last year , while average demand for distillates вЂ" 3.1%.
During the week the futures price of Light Sweet dropped $4.4 or 6.6%. The futures prices of fuel, with consideration of transition from September futures to October dropped from by 16.95 cents, or 8.0%.
According to analysts, increase of prices for oil and mazut on Friday was linked with a decision of the participants in the market to close the short positions upon considerable drop in quotes. It did not concern the oil prices, though the analysts predicted it might occur after logistics problems emerged as a result of hurricanes are resolved, while price shocks would be removed.
Currency market
Last week rates of Azerbaijani manat remained unchanged in regard to US dollar and made up 4593 manats.
Euro rates started the week at 5484.96 manats per euro, and completed at 5590.83 manats. The difference between the maximal and minimal indices was 105.87.
Last week official rate of AZM in regard to USD dropped every day at BBVB, while maximal difference between the rates made up 2.33 points.
Aggregate amount of trading sessions (BEST) at BICEX comprised US $6,192m last week. Average daily deals constituted US $1.2384m. Maximal rates were fixed on 7 October, comprising US $0.92m. Strong fluctuations were not peculiar to last week dynamic of trading sessions.
Privatization shares market
The prices of privatization shares remained unchanged.