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Nymex To Add Trading Months For Crude Oil Calendar Spread Options

Date 01/03/2005

The New York Mercantile Exchange, Inc., today announced that it will list an additional calendar spread options contract based on the August 2005 to October 2005 differential of the light, sweet crude oil futures contract beginning tomorrow morning.

Other spread combinations currently listed include 12-month spreads for February, March, June, September and all December-to-December spreads; 25 consecutive one-month spreads; spreads between the first and third nearby months and the second and fourth nearby months; and six-month spreads between June and December and December and June.

Exchange President James E. Newsome said, "The Exchange is pleased to provide additional months of its crude oil calendar spread options contract, allowing market participants more flexibility in their risk management strategies."