Oil market
The purchase of oil futures was promoted by the nearing meeting of the OPEC oil ministers, which is to mull oil delivery to the world market. The meeting will be held in Karakas, Venezuela, on 1 June. On the eve of the meeting OPC President Edmund Dakor stated that official oil deliveries will remain in existing level - 28 million barrels a day. The same time OPEC Petroleum Minister Rafael Ramires for the next time come out with a proposal on cut in official export quotations.
The general situation in the urgent market of energy resources also technically declined to rise in prices on oil futures contracts. Thus, petrol rose approximately 0.4%.
Last week (22-26 May) oil in the urgent market rose price by $2.40 per barrel in average, or 3.5%. Brent oil prices over the week grew $1.91, or 2.8%, while WTI (Light Sweet) $2.84, or 4.1%. However, on 26 May the oil futures changed inconsiderably
Currency market
By the totals of the past week, NBA-set official rate of manat to USD rose by 0.0007 points (0.07%). Last week the average rate was set at 0.90038 manat to 1USD.
Trend reports the weeks highest rate of USD to manat was recorded May 22 (0.9007 manat to 1USD) and lowest on May 26 (0.9000 manat to 1USD).
By the totals of the past week, stock exchange rate manat-USD rose by 0.0007 points (0.07%). Average rate was set at 0.89998 manat to 1USD
Due to lack of applications there were no bargains with Russian (RUB/AZN) and European (EUR/AZN) currencies at the stock exchange.
Deals concluded last week at BEST with transition to currency (T+0) comprised $4,018m with average sustained exchange rate of 0,9003 AZN/USD on 22 May, $1.7m with average sustained rate of 0,9002 AZN/USD on 23 May, $3m with average sustained rate of 0,9002 AZN/USD on 24 May, $3,620m with average sustained rate of 0,8996 AZN/USD 25 May and 26 May no deal was concluded.
Privatization shares market
Prices of vouchers were stable in is period. On 22 May prices of vouchers made up 100,000 old manats (20 AZN), while from 23 to 26 May they dropped to 96,000 old manats (19.2 AZN).