Oil market
On Saturday (4 February), after 3-day discussions, the Management Board of the International Nuclear Power Agency adopted a resolution on urging Iran to return back to moratorium on nuclear program and fulfill the requirements which would assure the Agency in the peaceable character of Iranian nuclear researches. It was expected to weaken rise in oil prices.
Other factors linked with the potential cut in oil deliveries also promoted rise in oil prices. They were attacks by gunmen on oil facilities in Nigeria, the violation of export of Russian gas export, an forthcoming OPEC conference. However, Iran has become a powerful force for rise. Increase of oil prices in the period since the beginning of year would seem more impressive unless there was a fall on futures quotations in mid last week upon the publication of data on increase of commodity reserves of oil, petrol and fuel mazut in America,
Currency market
As a result of last week official rate of manat in respect to US dollar, set by the National Bank of Azerbaijan grew 0,0002 points or 0.02%. Average rate over 4 working days was established as 0,91705 manats per 1 US dollar. As a result of the week from 30 January to 4 February average rate of US dollar turned out 0,91488 points down than the similar figure, calculated on the base of rates, established last week.
Last week maximum rate of US dollar in respect to manat was established on 30 January (0,9152 manats per 1 US dollar), minimum 31 January and 1 Feb (0,9146 manats per US dollar).
As of results of last week exchange rates of Azerbaijani manat in respect to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BBVB) grew 0,0002 points or 0.02%. Average rate over 4 working days of last week was established as 0,91488 manats per US dollar.
Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 30 January (0,9152 manats per 1 US dollar), minimum on 31 January and 1 Feb (0,9146 manats per 1 US dollar).
Privatization shares market
The prices of privatization shares remained unchanged in this period.
