Oil market
On May 4-8, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $55.2 per barrel, or $4.84 more than the previous price.
The maximum price was $57.3 per barrel. The minimum price was $52.4.
Azeri Light's density is 34.6 degrees API with 0.14-percent sulfur content.
The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $52.36 per barrel, or $4.02 more than the previous price.
The maximum price was $54.43 per barrel and the minimum - $49.73.
Urals' density is 32 degrees API with sulfur content up to 1.3 percent.
The oil grade's specifications vary when sold depending on its high/low-quality content.
The average price on Brent Dated was $54.26 per barrel, or $4.09 more than the previous price.
The maximum price was $55.98 per barrel and the minimum - $51.97.
Brent Dated's density is 38.3 degrees API with sulfur content of 0.36 percent.
As a result of trades on May 8 on the New York Mercantile Exchange, the prices for WTI oil futures with June delivery rose $1.92 to $58.63 per barrel. Thus, during the week, WTI prices increased $7.51. The June contract for Brent Crude on InterContinental Exchange in London increased $1.67, totaling $58.14 per barrel.
According to experts, the rise in oil prices is related primarily to the growth of quotations of large companies in the world's stock markets. Some analysts, however, note that the rising cost of oil threatens the prospects for recovery of the global economy, as the market kept the average demand for large stocks of crude oil from exporting countries.
Currency market
Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0. 8035 manats to 1 U.S. dollar.
Last week the maximum rate of the US dollar compared to manat was established on May 6-7 (0. 8036 manats to 1 U.S. dollar) and minimum May 4-5 (0. 8034 manats to 1 U.S. dollar).
As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), consolidated by 0.0001 points (0.01 percent). The average rate was fixed at 0. 80308 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: On May 4, $1.125 million with the average sustained rate of 0. 8031 manats to 1U.S. dollar, May 5, $0.45 million with the average sustained rate of 0. 8031 manats to 1 U.S. dollar, May 6, $0.85 million with the average sustained rate of 0. 8032 manats to 1 U.S. dollar, on May 7, $4.67 million with the average sustained rate of 0. 8030 manats to 1 U.S. dollar and on May 8 $no deals were concluded and the rate remained the same - 0.8030 to one U.S. dollar.
No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN (Ň+1, Ň+2).
Market of privatization shares
Last week the price of the privatization vouchers remained the same - 8 manats. The drop in prices (the price was 20 manat in early 2009) is attributed to drop in privatization rates.