Oil market
As a result of trading sessions on 15 June 2007 prices of June futures on WTI oil at NYMEX rose and at the end of the day made up $68 per barrel. Aleksey Sedishov, an expert of the Fibo Group, the rude futures on trading session at NYMEX went up to $68 per barrel, which was first eve in September.
Prices at the oil market gained a support from the dangers of relatively low reserves of oil products in the United States and escalation of violence in the Near East. Thus, rise continued starting from Wednesday when the US Energy Ministry stated on sudden drop in co-efficiency of busy oil refinery plants in the United States, as well as reserves of petrol at the beginning of summer remained unchanged. The July futures on crude oil rose by 35 cents to $68 per barrel and it was the highest closing rate, which has been since 5 September. The August futures on Brent oil at ICE Futures increased by $0.11 and comprised $71.47 per barrel, whereas session maximum for future made up $71.88 per barrel.
Currency market
Last week (11th to 15th June) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan grew by 0.0001 points or 0.01%. The average rate was established at 0.85644 to 1 US dollar.
Last week the maximum rate of the US dollar against the manat was established on 11th and 12th June (0.8565 manats to 1 US dollar), the minimum on 13th and 15th June (0.8564 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), increased by 0.0002 points or 0.02%. The average rate was fixed at 0.85505 to 1 US dollar
Last week the maximum rate of the US dollar against the manat was established on 11th and 13th June (0.8551 manats to 1 US dollar), the minimum 14th June (0.8549 manats to 1 US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $5.505mln with an average sustained exchange rate of 0.8551 AZN/USD on 11th June, $8.25mln with an average sustained rate of 0.8551 AZN/USD on 12th June, $7mln with an average sustained rate of 0.8551 AZN/USD on 13th June, $8.080mln with an average sustained rate of $6.316 AZN/USD on 14th June and no deal was held on 15th June because of the holiday.
No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. The banks did not make appeals for RUB/AZN and EUR/AZN instruments at BEST.
Privatization shares market
In this period the price of vouchers remained unchanged - 10 manats