Oil market
The week stated with considerable rise in oil prices. Thus, the prices of oil futures rose $1 per barrel and attained the highest point of the past 3 weeks.
Though the trading sessions on 26 June started with fall in quotations, in the end of the day the oil prices attained the top on 6 June 2006. Results of trading sessions at exchanges for nearest futures contracts were as follows:
- at New York Mercantile Exchange (NYMEX) official futures prices of Light, Sweet Crude Oil (July) rose 93 cents (+1.3%) and was set at the point of $71.80 per barrel at the price of ranging from $70.40-$71.90 per barrel;
- at London-based InterContinental Exchange Futures (IРЎE Futures) official price of IPE e-Brent Crude Futures Electronic (July) rose 80 cents (+1.1%) and got fixed at $70.73 per barrel at prices ranging from $69.47 to $70.78 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 0,0003 point or 0.03%. Average rate was established as 0.89612 manats per 1 US dollar, Trend reports.
Last week maximum rate of US dollar in respect to manat was established on 19 June (0.8963 manats per 1 US dollar), minimum 22 and 23 June (0.8960 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 0,0003 point or 0.03%. Average rate was fixed as 0.89552 manats per US dollar.
Last week maximum rate of US dollar in respect to manat was established on 19 June (0.8957 manats per 1 US dollar), minimum 22 and 23 June (0.8954 manats per US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $7,245m with average sustained exchange rate of 0,8957 AZN/USD on 19 June, $6.3m with average sustained rate of 0,8955 AZN/USD on 20 June, $10,860m with average sustained rate of 0,8956
AZN/USD on 21 June, $6,950m with average sustained rate of 0,8954 AZN/USD on 22 June and $10.6, with the rate of 0,8954 AZN/USD on 23 June.
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 were stable and comprised 80,000 old manats (16 AZN), 10,000 manats down (2 AZN). Only on 19 June the process in the beginning made up 75,000 manats (15AZN) the rose 80,000 manats (16 AZN).