Oil market
Prices of oil futures went down on 8 June for third time, while there was not essential change a day earlier. Official price of WTI (Light Sweet) remained in the lowest level after 1 June 2006, but official price of Brent was the highest after 19 May 2006.
Results of trading sessions at exchanges for July contracts were as follows:
- at New York Mercantile Exchange (NYMEX) official futures prices of Light, Sweet Crude Oil (July) dropped 47 cents (-0.7%) and was set at the point of $70.35 per barrel at the price of ranging from $69.10-$70.9 per barrel;
- at London-based InterContinental Exchange Futures (IРЎE Futures) official price of IPE e-Brent Crude Futures Electronic (July) dropped 14 cents (-0.2%) and got fixed at $69.05 per barrel at prices ranging from $67.73 to $69.20 per barrel.
Oil 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 0,0012 point or 0.12%. Average rate was established as 0.89788 manats per 1 US dollar, Trend reports.
Last week maximum rate of US dollar in respect to manat was established on 5 June (0.8986 manats per 1 US dollar), minimum 8 and 9 June (0.8974 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 0,0022 point or 0.22%. Average rate was fixed as 0.8972 manats per US dollar.
Last week maximum rate of US dollar in respect to manat was established on 5 and 6 May (0.8982 manats per 1 US dollar), minimum 9 June (0.8960 manats per US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $0,060m with average sustained exchange rate of 0,8982 AZN/USD on 5 June, $2,160m with average sustained rate of 0,8982 AZN/USD on 6 June, $0,837m with average sustained rate of 0,8968 AZN/USD on 7 June, no deal on 8 June and $0,980m with average sustained rate of 0,8960 AZN/USD 9 June and
Only one deal was concluded with EUR/AZN instrument (T+0) on 7 June in the amount of 62,000 euro. EURO rates comprised 1,1517 AZN.
No deal was concluded with Russian ruble last week due to absence of appeals.
Privatization shares market
In this period the prices of vouchers dropped. The prices of privatization shares were comprised 100,000 old manats (22 AZN) on 5 June, 100,000 old manats (22 AZN) on 6 June, 90,000 manats (18 AZN) on 7 June, 90,000 manats (18 AZN) on 8 June and 90,000 manats (18 AZN).9 June.