Politics Materials 20 July 2005 16:30 (UTC +04:00)

Last week the prices of oil futures dropped. Futures contract on Brent oil brand dropped 1% at the International Petroleum Exchange IPE in London, while futures prices of Light Sweet oil fell 2.6% at NYMEX.

Oil process beat a new record in the exchange in mid-week. The record closing rates were fixed on 6 July at $59.85 per barrel for Brent and $61.28 for Light Sweet oil. Closing rates of Brent at IPE on 15 July made up $57.61 per barrel at on Friday, while Light Sweet at NYMEX was fixed at $58.09 per barrel.

Last week rates of Azerbaijani manat dropped 2 points in regard to US dollar and 4701 manats.

Euro rates started the week at 5642.89 manats per euro, and completed at 6587.5. Thus, it lost 44.61 points. The difference between the maximal and minimal indices was the same.

Last week official rate of AZM in regard to USD dropped every day at BBVB, while maximal difference between the rates made up 2.47 points.

Aggravate amount of trading sessions (BEST) at BICEX comprised US $12,011m last week. Average daily deals constituted US $2.4022m. Maximal rates were fixed on 15 July, comprising US $9.49m. Strong fluctuations were not peculiar to last week dynamic of trading sessions.

The prices of privatization shares remained unchanged.