Oil Market
On 19 January the futures prices of oil rose by $1.5. Recently, on 18 January, the February futures prices of Light Sweet at the New York Mercantile Exchange went down to $49.90 per barrel and for the first time has turned out lower than $50 since May 2005, whereas as result of the trading sessions was closed on the point higher it.
As a result of trading on 19 January the February futures on Light Sweet at NYMEX rose $1.51 to $51.99 per barrel. March oil futures on Brent at InterContinental Exchange Futures (ICE Futures) based in London rose $1.69 to $53.44 per barrel. Rise in oil prices was promoted by al in temperature in the northeast region of the United States - the biggest regional fuel consumer in winter period.
In its report publicized on 19 January, OPEC reconsidered the estimation of increase of demand for oil in 2006 from 990,000 barrels a day or 1.18%, indicated in the December report, to 840,000 barrels a day or 1.01%.
In 2007 China and Near East will anew become leaders. Demand for oil in China is expected to increase to 460,000 barrels a day in 2007 or 6.43% and in Near East 300,000 barrels a day, or 4.88%.
Currency Market
As per result of the last week (15-19 January) official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan grew by 0,0002 point or 0.02%. Average rate was established as 0.87134 manats per 1 US dollar, Trend reports.
Last week maximum rate of US dollar in respect to manat was established on 15, 16 and 17 January (0,8712 manats per 1 US dollar), minimum вЂ" 19 January (0.8712 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 0,0002 point or 0.02%. Average rate was fixed as 0.89134 manats per US dollar.
Last week maximum rate of US dollar in respect to manat was established on 15, 16 and 17 January (0,8712 manats per 1 US dollar), minimum вЂ" 19 January (0.8712 manats per US dollar
Deals concluded last week at BEST with transition to currency (T+0) comprised $3,305m with average sustained exchange rate of 0,8914 AZN/USD on 15 January, $10,820m with average sustained rate of 0,8714 AZN/USD on 16 January, $1.9mln with average sustained rate of 0,8914 AZN/USD on 17 January, $1,562mln with average sustained rate of 0,8713 AZN/USD on 18 January and $1.1mln with average sustained rate of 0,8712 AZN/USD on 19 January.
Privatization Shares Market
In this period prices of vouchers went up to 16 manats from 15.8 manats last week almost remained unchanged.