Oil market
In the week from 17 to 21 April the futures prices of oil grew considerably for the 4th week in succession. It came as the second week of uninterrupted records at InterContinental Exchange Futures (ICE Futures) in London. Light Sweet oil prices at New York Mercantile Exchange Starting from Tuesday (18 April), Light Sweet prices beat record every day like Brent. Partial exclusion was Thursday (20 April) when oil futures in London and New York beat the new record during the trading sessions and then went down.
However, on Friday (21 April) the market with interest regained new force. As a result of the Friday trading sessions the June futures on Brent oil at the ICE Futures grew $1.39 per barrel to $74.57 per barrel, which was a new maximum closing rate of Brent. The June futures on Light Sweet at NYMEX rose $1.48 to $75.17 per barrel, which was a new maximum closing rate of Light Sweet prices.
With consideration of inflation absolute records in world prices were set in the beginning of 1980s, after the Iranian revolution, which took place in 1979 and in the begin of the war between Iran and Iraq (1980-1988).
Rise in oil prices over the last 4 weeks was as follows: +17.8% at ICE Futures and +17.0% at NYMEX.
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 0,0006 point or 0.06%. Average rate was established as 0.9047 manats per 1 US dollar, Trend reports.
Last week maximum rate of US dollar in respect to manat was established on 17 April (0.9050 manats per 1 US dollar), minimum 20 April (0.9043 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 0,0007 point or 0.07%. Average rate was fixed as 0.9042 manats per US dollar.
Last week maximum rate of US dollar in respect to manat was established on 17 and 18 April (0.9046 manats per 1 US dollar), minimum 20 April (0.9037 manats per US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $0.666m with average sustained exchange rate of 0,9046 AZN/USD on 17 April, $0,600m with average sustained rate of 0,9046 AZN/USD on 18 April, $1,320m with average sustained rate of 0,9042 AZN/USD on 19 April, $0,552m with average sustained rate of 0,9037 AZN/USD 21 April, $0,552m with average sustained rate of 0,9037 AZN/USD on 20 April and $0,640m with average sustained rate of 0,9039 AZN/USD on 21 April.
Last week no deals were concluded through Russian currency due to absence of appeals.
Privatization shares market
Prices of vouchers changed. On 17 April prices of vouchers rose to 100,000 manats (20 AZN), on 18 April - 100,000 manats (20 AZN), on 19 April 120,000 manats (24 AZN), 20 April 125,000 (25 AZN) and 21 April - 110,000 manats (22 AZN).