Dynamics of changes in some economic segments
Oil at the urgent market with the commencement of new trade week has become cheaper by approximately $1 per barrel. Thus, at London-based InterContinental Exchange Futures (IСE Futures) the official price of IPE Brent Crude for July futures dropped $0.98 (-1.4%) and was fixed at $69.71 per barrel on 28 May - the highest over the past 6 days. For the first time after 22 May official price of Brent oil was $70 per barrel, while prices of deals were considerably lower than the quotations of the previous session and made up $69.51-$70.50 per barrel.
Trading sessions on Light Sweet were not held at the New York Mercantile Exchange (NYMEX) on 28 May in connection with the federal holiday in the United States. However, deals with Light Sweet at the electron trading system CME GLOBEX were carried out in order.
At NYMEX official price of Light, Sweet Crude Oil futures remained unchanged and comprised $65.20 per barrel. At the same time deals at CME GLOBEX on 28 May were characterized with considerable drop in quotations..
Currency market Currency market
Last week (21 - 25 May) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, grew by 0.0055 point or 0.55%. The average rate was established at 0.8619 to 1 US dollar.
Last week the maximum rate of US dollar against the manat was established on 21 May (AZN 0.8652 to 1 US dollar), the minimum on 25 May (0.8597 to 1 US dollar)
As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), decreased by 0.0019 point or 0.19%. The average rate was fixed at 0.85982 to 1 US dollar
Last week the maximum rate of US dollar against the manat was established on 21 May (AZN 0.8606 to US $1), the minimum 25 May (AZN 0.8587 to US $1).
Deals concluded last week at BEST with transition to currency (T+0) comprised $0.65mln with an average sustained exchange rate of 0.8606 AZN/USD on 21 May, $1mln with an average sustained rate of 0.8605 AZN/USD on 22 May, $0.025mln with an average sustained rate of 0.8599 AZN/USD on 23 May, $2.1mln with an average sustained rate of 0.8594 AZN/USD on 24 May and $0.635mln with an average sustained rate of 0.8687 AZN/USD on 25 May.
No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to absence of appeals by dealers. The banks did not make appeals for RUB/AZN and EUR/AZN instruments at BEST.
Privatization shares market
During this period the price of vouchers was stable and comprised of AZN 13, like the previous week.