Oil prices and dynamics of monetary market of Azerbaijan (June 22-26)
The average price for AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $63.65 per barrel on June 22-26 or $0.028 more than the previous week.
The maximum price for AZERI LT was $64.42 per barrel and the minimum price was $62.85 per barrel during the reporting period.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port stood at $60.244 per barrel or $0.426 per barrel less than the previous week.
The maximum price for Urals totaled $61.03 per barrel and the minimum - $59.37 per barrel.
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 for Brent Dated was $61.002 per barrel or $0.366 per barrel less than the previous week.
The maximum price for Brent was $61.78 per barrel and the minimum - $60.21 during the reporting period.
The official exchange rate of Azerbaijani manat to the US dollar set by the Azerbaijani Central Bank, decreased by 0.0009 manats (0.086 percent) last week. Accordingly, the average rate was set at 1.047925 manats to 1 US dollar.
During the week, the official exchange rate of manat to euro, set by the CBA hit 0.0166 manats (1.39 percent). Accordingly, the average rate was set at 1.180175 manats to 1 euro.
Last week, the price on one ounce of gold increased by 29.996 manats (2.38 percent). Accordingly, the average price on gold amounted to 1241,95713 manats.
The trading at Baku Interbank Currency Exchange (BBVB) has not been carried out since the beginning of the year, so the exchange rate of manat is not formed.