...

Dynamics of changes in some economic segments

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

Oil market

Auction of oil futures contracts of 4-8 June was held in two stages. During the first period, 4-7 June the futures prices for oil were rising. During the auction on 7 June prices for Brent oil at the ICE Futures Exchange in London increased by $71.72 per barrel and nearly reached a 9-month maximum ($71.80) fixed during the auction of 24 May. The second stage was held on 8 June. Futures prices for oil on 8 June dropped by over $2 in London and New-York and completely lost the growth achieved during the previous four sessions. As a result of the auction of 8 June, futures for Brent oil at ICE Futures Exchange dropped by $2.62 down to $68.60, while futures for Light Sweet oil at the New-York Commodity Exchange (NYMEX) decreased by $2.17down to $64.76. The prices for the both contracts turned to be lower then at the end of the previous week. On 1 June futures for Brent oil were fixed at $69.07, while futures for Light Sweet oil at $65.08.

Currency market

Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, grew by 0.0009 points or 0.09%. The average rate was established at 0.85692 manat to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on the 4th of June (AZN 0.8575 to 1 US dollar), the minimum on the 7th and 8th June (0,8566 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), decreased by 0.0008 point or 0.08%. The average rate was fixed at 0.85556 to 1 US dollar

Last week the maximum rate of the US dollar against the manat was established on the 4th of June (AZN 0.8561 to US $1), the minimum on the 7th of June (AZN 0.8552 to US $1).

Deals concluded last week at BEST with transition to currency (T+0) comprised $12mln with an average sustained exchange rate of 0,8561 AZN/USD on the 4th of June, $8.6mln with an average sustained rate of 0.8556 AZN/USD on the 5th of June, $9.4mln with an average sustained rate of 0.8556 AZN/USD on the 6th of June, $11.84mln with an average sustained rate of 0.8552 AZN/USD on the 7th of June and $10mln with an average sustained rate of 0.8553 AZN/USD on the 8th of June.

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

Privatization shares market

During this period the price of vouchers decreased up to AZN 12.

Latest

Latest