New York Mercantile Exchange To Increase Heating Oil And Gasoline Margins

The New York Mercantile Exchange, Inc., will increase the margins on its heating oil and gasoline futures contracts, as of the close of business tomorrow.

The margins on heating oil and unleaded gasoline futures contracts will be increased to $5,500 from $4,000 for clearing members, to $6,050 from $4,400 for members, and to $7,425 from $5,400 for customers.

The margins on New York Harbor heating oil calendar swap futures contracts will be increased to $5,500 from $3,500 for clearing members, to $6,050 from $3,850 for members, and to $7,425 from $4,725 for customers.

The margins on New York Harbor gasoline calendar swap futures contracts will be increased to $5,500 from $2,400 for clearing members, to $6,050 from $2,640 for members, and to $7,425 from $3,240 for customers.