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New York Mercantile Exchange Announces Record Volume For Crude Oil Average Price Options

Date 08/02/2006

The New York Mercantile Exchange, Inc., announced today record volume for the crude oil average price options contract.

The crude oil average price options contract reached 4,950 contracts yesterday, surpassing the previous record of 3,744 contracts traded on January 3.

Exchange President James E. Newsome said, "This record is another indication of the continued expansion and strength of our contracts. We are proud that our members and customers views us as the source for price discovery and risk management for the energy marketplace."