Oil Market
Future oil prices on 24 November attained its maximum over the past 3 days, which was linked with the violation of oil export from Nigeria, a country which is considered the eighth word exporter of black gold'.
At the London-based Inter-Continental Exchange, ICE, the December futures for Brent oil increased $0.68, or 1.1%, to $60.03, amid prices fluctuating between $58.90-$60.40 per barrel.
The trading session was not held at New York Mercantile Exchange (NYMEX) on 24 November in connection the Thanksgiving Day in the United States.
the December contract on delivery of Light, Sweet Crude Oil brand dropped $1.01, or 1.7%, to $58.58 per barrel amid prices fluctuating between $58.25-$59.92 per barrel;
However, in the electron trading system CME GLOBEX the futures prices of Light, Sweet Crude Oil (January) during the holidays made up $58.66-$60.18 per barrel, while the average sustained price was $59.90 per barrel, or 66 cents more (+1,1%) than the official price at NYMEX, established on 22 November on the eve of holidays.
Rise in oil prices promoted drop in dollar rates at the world currency market.
Currency Market
As per last weeks results (20-24 November), the official rate of Azeri manat in regards to the US dollar, set by the National Bank of Azerbaijan, grew by 0,0001 points or 0.01%. The average rate was established at 0.87244 manats per 1 US dollar, Trend reports
Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on 20-22 November (0.8727 manats per 1 US dollar), minimum 23 November (0.8726) manats per US dollar).
As per the last week results, exchange rates of the Azerbaijani manat with regards to the US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0009 points or 0.09%. Average rate was fixed as 0.87182 manats per US dollar.
Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on November 25 (0.8725 manats per 1 US dollar), minimum November 22 (0.8715 manats per US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $2,950 mln with average sustained exchange rate of 0.8725 AZN/USD on November 20, $1,369mln with average sustained rate of 0.8718 AZN/USD on November 21, $11,650mln with average sustained rate of 0.8715 AZN/USD on November 22, $0.3mln with average sustained rate of 0.8717 AZN/USD on November 23, and $3,350mln with average sustained rate of 0.8716 AZN/USD on November 24.
Due to the absence of appeals, no deal was concluded with Russian rouble and Euros last week.
Privatization Shares Market
During this period the prices of vouchers were stable and made up 82,000 old manats (16.4 AZN).