...

Dynamics of changes in some economic segments

Politics Materials 24 April 2007 12:01 (UTC +04:00)

Oil market Oil market

As a result of trading sessions on 20 April 2007 prices of June futures for WTI at NYMEX rose and comprised $64.11 per barrel. The future quotas for crude oil at NYMEX increased 2.5% on Friday amid concerns on possible disorders during the presidential elections in Nigeria on Saturday, which were expected to have a negative impact on oil deliveries from this country.

May futures quotas for crude oil at NYMEX rose $1.55 to $63.38 per barrel. June futures increased $0.79 to $64.11 per barrel. June futures for Brent oil at ICE Futures went up $0.55 to $66.49 per barrel. The quotas of May futures for black oil rose $2.67 to $1,8325 per gallon. Though analysts expect the foreign oil companies active in Nigeria to increase the volume of oil production after the presidential elections, the traders are still beware of further armed conflicts at the oil refinery plants in Niger Delta.

Currency market

Last week (16-20 April) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, grew by 0,0002 point or 0.02%. The average rate was established at 0.8653 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 16 and 17 April (0,8654 manats to 1 US dollar), the minimum on 19 and 20 April (0.8652 to US dollar)

As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), increased by 0,0002 point or 0.02%. The average rate was fixed at 0.86528 to 1 US dollar.

Last week the maximum rate of US dollar against the manat was established on 16 April (AZN 0,8654 to US $1), the minimum 19 and 20 April (AZN 0,8652 to US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $9,705mln with an average sustained exchange rate of 0,8654 AZN/USD on 16 April, $3,550mln with an average sustained rate of 0,8653 AZN/USD on 17 April, $1,214mln with an average sustained rate of 0,8653 AZN/USD on 18 April, $5.3mln with an average sustained rate of 0,8652 AZN/USD on 19 April and $16,460mln with an average sustained rate of 0,8652 AZN/USD on 20 April.

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to absence of appeals by dealers. The banks did not make appeals for RUB/AZN and EUR/AZN instruments at BEST.

Privatization shares market Privatization shares market

During this period the price of vouchers dropped and comprised of 12 manats against 14 manats at the beginning of the week.

Latest

Latest