Nymex To Increase Oil Margins As Of Close Of Business Today

The New York Mercantile Exchange will raise the margins on its crude oil, heating oil and unleaded gasoline futures contracts as of the close of business today.

The margins for each of the three contracts will be increased to $5,000 from $3,000 for clearing members; $5,5000 from $3,300 for members; and $5,750 from $4,050 for customers.