DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS

Oil market

Prices of oil futures feel to minimum of 6 weeks on 19 May. The results of contracts for the nearest month were as follows:

- at the New York Mercantile Exchange (NYMEX) official price of Light Sweet Crude Oil futures (June) dropped 92 cents (-1.3%) and were set at $68.53 per barrel with the price of ranking from $68.01 to $69.93 per barrel during the session;

- at InterContinental Exchange Futures (IРЎE Futures) in London the futures IPE e-Brent Crude Futures Electronic (July) dropped 99 cents (-1.4%) and was set up at the point of $68.68 per barrel with $68.25 to $70.26 per barrel during the session.

Last week the prices of oil products also dropped. The price of fuel mazut at NYMEX by the end of the week reached the minimum point of the last 6 weeks. The petrol prices also reached the minimum of 6 weeks in the mid of the week and were below the psychological point at $2 per gallon. By the end of he week the petrol prices were restored above the point of $2 per gallon, but remained low.

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 0.90128 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 15 May (0.9016 manats per 1 US dollar), minimum 19 May (0.9010 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 0,0005 point or 0.05%. Average rate was fixed as 0.90068 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 15 May (0.9010 manats per 1 US dollar), minimum 17 and 19 May (0.9005 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $1,305m with average sustained exchange rate of 0,9010 AZN/USD on 15 May, $1,150m with average sustained rate of 0,9008 AZN/USD on 16 May, $0,220m with average sustained rate of 0,9005 AZN/USD on 17 May, $0,370m with average sustained rate of 0,9006 AZN/USD 18 May and $1,400m with the rate of 0,9005 AZN/USD on 19 May.

No deal was concluded with Russian ruble and euro last week due to absence of appeals.

Privatization shares market

Prices of vouchers were stable in is period. On 15 May prices of vouchers made up 110,000 old manats (22 AZN), while from 16 to 19 May they dropped to 110,000 manats (20 AZN).

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