DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS
As of totals of 2005 crude oil prices grew roughly 33%. On Thursday (29 Dec) the oil prices caused considerable fall in the US commodity reserves of petrol.
The US Energy Ministry announced the commodity reserves of petrol dropped last week 1.2 million barrels to 202.9 million barrels, or 6% down as compared to its level a year ago. The non-ethylene petrol futures with the nearest term of implementation in New York Mercantile Exchange (NYMEX) grew $0,0613 to $1,624 per galloon.
The February futures of light low-sulphur oil grew $0.50 to $60.32 per gallon at NYEMEX. Brent futures grew $0.05 to $57.69 per gallon at the Intercontinental Commodity Exchange (ICE) in London.
The futures of light low-sulphur oil with the nearest term of implementation closed at $43.45 per barrel as a result of 2004. Thus, in 2005 the futures prices rose $14.24, or 32.%.
Major reason causing rise in prices was the high economic growth in China and the United States.
Due to holidays, the dynamic of AZN rates are indicated only for 24 and 5 January. IN this period exchange rates of euro and US dollar , set by the National Bank of Azerbaijan, as well as those fixed at the trading sessions in Baku Interbank Currency Exchange remained unchanged and maintained their value at the level of 1,108, 0,918 and 0,9184 AZN respectively.
The turnover of the Electron Exchange Trading System (BEST) on US dollar on 4-5 Jan made up $2.2m. The average amount of deals comprised US $1.1m a day.
Privatization shares market
The prices of privatization shares remained unchanged in this period.