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Dynamics of changes in some economic segments

Politics Materials 13 February 2007 12:01 (UTC +04:00)

Oil Market

Futures oil prices rose as a result of third week. In the week from 5 to 9 February the Brent oil futures at InterContinental Exchange Futures (ICE Futures) in London rose 1.0%, while March futures for Light Sweet oil at New York Merchantile Exchange (NYMEX) вЂ" by 1.5%. in the last day of trading sessions (9 Feb) the March Futures for Light Sweet rose to $60.80 per barrel, exceeding the point at $60 for the first time after 3 January. However, March futures for Light Sweet were not over $60 and closed at $59.89, or $0.18 up. March futures for Brent oil in London dropped as a result of trading sessions on 9 February by $0.02 to $59.01.

Currency Market

As per result of the last week (February 5th to 9th) the official rate of the manat against US dollar, set by the National Bank of Azerbaijan grew by 0,0004 point or 0.04%. The average rate was established as 0.87008 to 1 US dollar, Trend reports.

Last week the maximum rate of US dollar against manat was established on February 5th (0,8703 manats to 1 US dollar), minimum вЂ" on February 8th and 9th (0.8699 to US dollar)

As a result of last week's exchange rate of Azerbaijani manat against US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0002 point or 0.02%. The average rate was fixed at 0.86998 to 1 US dollar

Last week the maximum rate of US dollar against manat was established on February 6th and 7th (0,8701 manats to 1 US dollar), minimum вЂ" February 5th, 8th and 9th (0.8799 manats to 1 US dollar

Deals concluded last week at BEST with transition to currency (T+0) comprised $3.4mln with average sustained exchange rate of 0,8699 AZN/USD on February 5th, $0,560mln with average sustained rate of 0,8701 AZN/USD on February 6th, $27,280mln with average sustained rate of 0,8701 AZN/USD on February 7th, $2,542mln with average sustained rate of 0,899 AZN/USD on February 8th and $2.5mln with average sustained rate of 0,8799 AZN/USD on February 9th

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

Privatization Shares Market

In this period price of vouchers remained unchanged - 16 manats.

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