Oil market
On June 8-12, the average price of AZERI LT CIF Augusta which Azerbaijan exports via the ports of Ceyhan and Batumi was $71.39 per barrel, which is by $2.69 barrel more of the average price of the previous week.
The maximum price was $73.25 per barrel and minimum - $69.38 per barrel.
The density of Azeri Light is 34.6 degrees by API and its sulphur content is 0.14%.
The average price of URALS (EX-NOVO) which Azerbaijan exports via Novorossiysk port was $68.69, which is by $3.03 barrel more of the average price of the last week.
The maximum price was $70.61 per barrel and the minimum - $66.51 per barrel.
The density of URALS is 32 degrees by API and its sulphur content is up to 1.3%. However, specifications of this oil grade change when being sold depending on domination of high/low-quality oil in its content.
The average price of Brent Dated was $66.64, which is by $3 barrel over of the average price of the previous week.
Its maximum price was $71.46 per barrel and the minimum - $67.52.
The density of Brent Dated is 38.3 degrees API and its sulphur content is 0.36%.
Last week trading in the world oil market was marked by with "plus", although in the beginning and end of the week, growth was hindered. On Monday the price oscillated at $68 per barrel and resulted in decline. On Tuesday, a positive correction was recorded in the market, and the rising trend lasted by the end of the week. Over the last three days, oil price increased at the growing optimism due to fast withdrawal from the crisis and recovery in demand. The market participants see the signs of the completion of the global recession in the positive macroeconomic indicators and records of reserves in the United States.
So, on Tuesday the oil price exceeded $71 per barrel after the American Petroleum Institute reflected decline in oil reserves during the previous week by 5.96 million barrels to 357.9 million - the minimum level since March. Despite the decline in prices in the end of the week, as a result the price showed a positive growth. Thus, for the week U.S. crude oil price increased by 5 percent.
Currency
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. 0. 80382 manats to 1 U.S. dollar.
Last week the maximum rate of the US dollar compared to manat was established on June 9-11 (0. 8039 manats to 1 U.S. dollar) and minimum on June 10 (0. 8037 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), depreciated by 0. 0017 points (0.17percent). The average rate was fixed at 0. 80244 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: on June 8 with $0.5 million average sustained rate of 0.8024 manats to 1 U.S. dollar, on June 9 $15.1 million with the average sustained rate of 0. 8040 manats to 1 U.S. dollar, on June 10 $1.23 million with the average sustained rate of 0. 8037 manats to 1 U.S. dollar, on June 11 $0.9 million with the average sustained rate of 0. 8037 manats to 1 U.S. dollar and on June 11 $5.25 million with the average sustained rate of 0. 8041 manats to 1 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 - purchase 10 manats and sale 11 manat. The drop in prices (the price was 20 manat in early 2009) is attributed to drop in privatization of state property.
The validity period of the vouchers will expire on Jan. 1 2010.