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Nymex To Raise Crude Oil And Petroleum Product Margin Rates

Date 30/12/2002

The New York Mercantile Exchange, Inc., announced today margin rate increases on its light, sweet crude oil; e-miNY crude oil; Brent crude oil; heating oil; and unleaded gasoline futures contracts as of the close of business tomorrow.

The margins on all months for light sweet crude oil, Brent crude oil, and heating oil will be raised to $3,000 from $2,000 for clearing members, to $3,300 from $2,200 for members, and to $4,050 from $2,700 for customers.

The margins on all months for unleaded gasoline futures will be raised to $3,000 from $2,500 for clearing members, to $3,300 from $2,750 for members, and to $4,050 from $3,375 for customers.

The margins on e-miNY crude oil futures will be raised to $1,200 from $800 for clearing members, to $1,320 from $880 for members, and to $1,620 from $1,080 for customers.