Oil market
The average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $110.31 per barrel on May 5-9, or $1.3 less compared to the previous week.
The maximum price for AZERI LT was $111.44 per barrel. The minimum price was $109.85 per barrel.
The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $105.92 per barrel or $0.58 less compared to the previous week.
The maximum price for Urals was $107 per barrel and the minimum - $105.6 per barrel.
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 $108.61 per barrel or $0.54 less compared to the previous week.
The maximum price on Brent was $109.65 per barrel and the minimum - $108.28.
Currency market
Last week the official rate of the manat to the U.S. dollar set by the Azerbaijani Central Bank reduced by 0.0001 points (0.01 percent). The average rate was established at 0.78435 manat to 1 U.S. dollar.
As a result of last week's exchange, the stock exchange price 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 set at 0.78295 manat to 1 U.S. dollar.
Deal concluded last week at BEST comprised: May 5 - $3.93 million with an exchange rate of 0.7829 AZN/USD, May 6 - $2.668 million with an exchange rate of 0.7829 AZN/USD, May 7 - $0.563 million with an exchange rate of 0.7829 AZN/USD, May 8 -9 - no deals were concluded, so the exchange rate remained at 0.7829 AZN/USD.
No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. Appeals on EUR/AZN and RUB/AZN were not made by banks in BEST.