OIL MARKET
As a result of trading sessions held on 22 June 2007 the price of the August futures on WTI oil at NYMEX rose at the end of the day and made up $69.14 per barrel. Aleksey Sedishev, an analyst of Fibo Group, the quotations of oil futures at the closing of futures at New York Commodity Exchange on Friday rose amid strikes staged by oilmen in Nigeria, which boost the possibility of serious gaps in the oil deliveries from the region. A day after the cessation of talks with trades unions, their leaders on Friday held an informal meeting with representatives of authorities, after which the participants stated that the strike could be stopped.
Quotations of the August futures on crude oil at NYMEX rose by $0.49 to $69.14 per barrel. During the session the cost of the contract reached the point at $69.50 per barrel. The August futures for Brent oil at ICE Futures went up by $0.96 to $71.18 per barrel. The July futures for RBOB petrol increased by 3.99 cents to $2.2866 per gallon. July futures for fuel mazut went up by $1.33 to $2.0380 per gallon.
Currentcy Market
Last week (18th to 22nd of June) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan grew by 0.0002 points or 0.02%. The average rate was established at 0.85622 to 1 US dollar.
Last week the maximum rate of the US dollar against the manat was established on 18th and 19th of June (0.8563 manats to 1 US dollar), the minimum on 22nd June (0.8561 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 0.0004 points or 0.04%. The average rate was fixed at 0.85448 to 1 US dollar
Last week the maximum rate of the US dollar against the manat was established on the 18th of June (AZN 0.8548 to 1 US dollar), the minimum on the 21st of June (AZN 0.85421 to 1 US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $8.160mln with an average sustained exchange rate of 0.8548 AZN/USD on the 18th of June, $11,768mln with an average sustained rate of 0.8545 AZN/USD on the 19th of June, $7,976mln with an average sustained rate of 0.8545 AZN/USD on the 20th of June, $8.784mln with an average sustained rate of 0.8542 AZN/USD on the 21st of June and $5,342mln with the rate of 0,8544 AZN/USD on the 22nd of June.
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.
Privatziation Shares Market
In this period the price of vouchers remained unchanged - AZN 10. The efficacy of privatization check expires on the 1st of January 2008