Oil market
On June 15-19, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $70.77per barrel, or $0.62 less than the previous price.
The maximum price was $71.72per barrel. The minimum price was $69.63.
Azeri Light's density is 34.6 degrees API with a 0.14-percent sulfur content.
The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $68.21per barrel, or $0.4 less than the previous price.
The maximum price was $69.12per barrel and the minimum - $67.07.
Urals' density is 32 degrees API with a 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 $69.69per barrel, or $3.05 more than the previous price.
The maximum price was $70.75per barrel and the minimum - $68.03.
Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.
Oil prices on the stock exchanges as of the end of the week totaled $70 per barrel after the prices for oil futures as a result of trades on June 19 fell during the day by 2.6 percent to its lowest level in more than one and a half weeks. According to experts, oil prices fell under pressure from fears of continuation of the world reduced demand for energy.
The results of bidding for the oil contracts with next month delivery on the stock exchanges on 19 June were: - in New York on New York Mercantile Exchange (NYMEX) the official price for futures Light, Sweet Crude Oil (July) fell $1.82 and totaled around $69.55 per barrel, with a range of prices for transactions per session at $68.90-72.30 per barrel. - in London on InterContinental Exchange Futures Europe (IСE Futures Europe) the official price for futures IPE Brent Crude (August) fell $1.87 and totaled around $69.19 per barrel, with a range of prices of transactions per session at $68.63-71.96 per barrel.
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. 80394 manats to 1 U.S. dollar.
Last week the maximum rate of the US dollar compared to manat was established on June 18-19 (0. 804 manats to 1 U.S. dollar) and minimum on June 15, 16 and 17 (0. 8039 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) remained unchanged. The average rate was fixed at 0. 8041 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: on June 15 no deals were concluded and exchange rate remained the same 0. 8041 manats to 1U.S. dollar, on June 16 $0.6 million with the average sustained rate of 0. 8041 manats to 1 U.S. dollar, on June 17 $1.078 million with the average sustained rate of 0. 8041 manats to 1 U.S. dollar, on June 18, $2.9 million with the average sustained rate of 0. 8041 manats to 1 U.S. dollar and June 19 $1.1 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 - 9 manats. The drop in prices (the price was 20 manat in early 2009) is attributed to drop in privatization rates.
The validity period of the vouchers will expire on Jan. 1 2010.