Oil market
The oil prices will remain high by the end of the year, the Algerian Minister for Energy and Mines, Shakib Khelil, stated. The high prices are maintained at the expense of the dynamic demand for oil products at the world markets. Moreover, high oil prices were also caused by instable situation in Iraq, Nigeria, Iran and Venezuela.
Meanwhile, the oil prices at world exchanges continue beating new and new records. Thus, oil prices at the Singaporean commodity exchange rose to $70 per barrel. Last week the oil prices numerously beat the record at exchanges in London and New York. The official prices of futures for the nearerst month made up $69.37 per barrel for IPE Brent Crude and $68.98 per barrel for Light Sweet Crude Oil
According to analysts, major reasons causing rise in prices were threats for cut in fuel reserves in the United States, consequent, and rise in petrol prices, as well as crisis around nuclear program of Iran.
Currency market
As a result of the last week official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan grew 0,0024 point or 0.24%. Average rate was established as 0.90734 manats per 1 US dollar, Trend reports.
Last week maximum rate of US dollar in respect to manat was established on 10 April (0.9082 manats per 1 US dollar), minimum 14 April (0.9058 manats per US dollar
As of results of the last week exchange rates of Azerbaijani manat in regard to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0014 point or 0.14%. Average rate was fixed as 0.90712 manats per US dollar.
Last week maximum rate of US dollar in respect to manat was established on 10 April (0.9078 manats per 1 US dollar), minimum 13 and 14 April (0.9064 manats per US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $9m with average sustained exchange rate of 0,9087 AZN/USD on 10 April, $4,036m with average sustained rate of 0,9076 AZN/USD on 11 April, $1m with average sustained rate of 0,9074 AZN/USD on 12 April, $0,600 РјР"РЅ. СЃ РєСѓСЂСЃРѕРј 0,9064 AZN/USD 13 April, no deals, while the average sustained rate was 0,9064 AZN/USD - 14 April.
Last week no deals were concluded through Russian currency due to absence of appeals. Only one deal was signed on EUR/AZN on 11 April in the amount of 5,000 euros with the average exchange rate of 1,1000 AZN.
Prices of vouchers grew in price. On 10 April prices of vouchers rose to 75,000 manats (15 AZN), on 12 April - 80,000 manats (16 AZN), on 13 April 80,000 manats (16 AZN) and 14 April - 85,000 manats (17 AZN).