The Exchange also announced that, as of the close of business on Friday, September 7, it will no longer provide margin credits for offsetting positions in the International Petroleum Exchange Brent market.
As of the close of business tomorrow, the effective margins for a spread between the Exchange Brent futures contract and its light, sweet crude oil futures contract will be $500 for clearing members; $550 for members; and $675 for customers. The effective margin for spreads between the Exchange Brent contract and either its heating oil or gasoline futures contract will be $1,000 for clearing members; $1,100 for members; and $1,350 for customers.
