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DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS

Politics Materials 20 June 2006 12:01

Oil market

The oil futures prices increased on 16 June for the third time and reached the highest figure of the last 4 days. However, even after 3-day increase official prices of the oil futures remained lower than the psychological point at $70 per barrel and were considerably lower than the previous week.

Results of trading sessions at exchanges for 16 June were as follows:

- at New York Mercantile Exchange (NYMEX) official futures prices of Light, Sweet Crude Oil (July) dropped 38 cents (+0.5%) and was set at the point of $69.88 per barrel at the price of ranging from $68.80-$70.45 per barrel;

- at London-based InterContinental Exchange Futures (IРЎE Futures) official price of IPE e-Brent Crude Futures Electronic (July) rose 35 cents (+0.5%) and got fixed at $69.05 per barrel at prices ranging from $68.80 to $67.53-$69.36 per barrel.

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 0,001 point or 0.1%. Average rate was established as 0.89685 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 12 June (0.8973 manats per 1 US dollar), minimum 16 June (0.8963 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 0,0011 point or 0.011%. Average rate was fixed as 0.896025 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 12 June (0.8965 manats per 1 US dollar), minimum 16 June (0.8954 manats per US dollar

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

Privatization shares market

In this period prices of vouchers went down and comprised 80,000 old manats (16 AZN), 10,000 manats down (2 AZN).

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