Oil market
Oil prices rose not exceeding the point at $71 per barrel.
Oil prices went up Friday upon sharp fall in the previous two days and on the eve of weekend. As a result of trading sessions on 5 May the June futures on Brent oil at InterContinental Exchange Futures (ICE Futures) in London rose 66 cents to $70.95 per barrel. June futures on Light Sweet at NYMEX rose 25 cents to $70.19 per barrel.
In the previous two sessions the June futures on Brent went down $4.35 or 5.8%, while June futures on Light Sweet dropped $4.67 or 6.3%. Drop in prices were caused by data of US Energy Ministry, which indicated softening of tension at the US petrol market.
Nevertheless, oil prices remained high over $70 per barrel. The price rise was a result of a petrol factor, Iranian crisis and tense situation in Nigeria, where oil-producing powers stood idle as a result of attacks by gunmen and there are still threats of new attacks.
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 0,0003 point or 0.03%. Average rate was established as 0.90302 manats per 1 US dollar, Trend reports.
Last week maximum rate of US dollar in respect to manat was established on 1 and 2 May (0.9032 manats per 1 US dollar), minimum 4 May (0.9028 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 0,0006 point or 0.06%. Average rate was fixed as 0.90252 manats per US dollar.
Last week maximum rate of US dollar in respect to manat was established on 1 and 2 May (0.9028 manats per 1 US dollar), minimum 4 and 5 May (0.9022 manats per US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $2m with average sustained exchange rate of 0,9028 AZN/USD on 1 May, $1,650m with average sustained rate of 0,9028 AZN/USD on 2 May, $0,458m with average sustained rate of 0,9026 AZN/USD on 3 May, $2,100m with average sustained rate of 0,9022 AZN/USD 4 May, $2m with average sustained rate of 0,9022 AZN/USD on 5 May.
Last week no deals were concluded through Russian currency and euro due to absence of appeals.
Privatization shares market
Prices of vouchers changed. On 1 May prices of vouchers rose to 90,000 manats (18 AZN), on 2 May - 90,000 manats (18 AZN), on 3 May 95,000 manats (19 AZN), 4 May 90,000 (18 РђР-H) and 5 May - 90,000 manats (18 AZN).