Nymex Changes Position Limits For Crude Oil Contracts

The New York Mercantile Exchange, Inc., announced today that it will expand the position limits for its light, sweet crude oil futures contract and certain other crude oil contracts for the June 2005 contract month beginning on May 9.

The position limits, which are in place during the last three trading days, will be increased to 2,000 contracts from 1,500 and will also apply to the West Texas Intermediate (WTI) calendar swap futures contract, the crude oil average price options contract, and the crude oil European-style options contract.