Nymex Increases Discount For Oserberg Blend Crude Oil Delivered Under The Light, Sweet Crude Oil Futures Contract

The New York Mercantile Exchange, Inc., will increase the discount for Oseberg Blend crude oil delivered against the light, sweet crude oil futures contract to $0.55 per barrel from $0.30 per barrel beginning with June deliveries.

All other foreign crude oil discounts and premiums are unchanged.

Exchange President J. Robert Collins, Jr., said, "The Exchange continuously monitors industry standards for all of its products through its advisory committees. This change is a result of our efforts to keep the specifications for our contracts consistent with evolving industry practice."