Oil market
Strong volatility was peculiar to the trading session in the oil futures market last week (31 October вЂ" 4 November). Participants in the market got confused in a number of contradictory factors, including the weather conditions, economic indices, level of demand for oil products and volumes of US fuel reserves.
On Monday (31 October) the December futures for Light Sweet at the New York commodity exchange (NYMEX) dropped $1.46 to $59.76 per barrel. Prices of Light Sweet oil were closed at around $60 for the first time since late July.
November futures on fuel mazut at NYMEX fell 7.37 cents to $1,7698 per gallon. December futures on fuel mazut fell 7.30 cents to $1,8239 per gallon. November futures on petrol at NYMEX droped on Monday 9.81 cents to $1,5261 per gallon, while December futures for petrol dropped 7.55 cents to $1,5901.
Currency market
Last week rates of Azerbaijani manat grew one point in regard to US dollar and made up 4598 manats.
Euro rates started the week at 5540.99 manats per euro, and completed at 5548.64 manats. The rates fell 7.65 points during the week.
Last week official rate of AZM in regard to USD dropped every day at BBVB, while maximal difference between the rates made up 1 point.
Aggregate amount of trading sessions (BEST) at BICEX comprised US $14,979m last week. Average daily deals constituted US $3,74475m. Maximal rates were fixed on 1 November, comprising US $6.03m. Strong fluctuations were not peculiar to last week dynamic of trading sessions.
Privatization shares market
Prices of privatization checks remained unchanged in this period