Nymex To Lower Light, Sweet Crude Oil Margins

The New York Mercantile Exchange, Inc., today announced that it would lower the margins on its light, sweet crude oil futures contract at the close of business tomorrow.

The light, sweet crude oil futures margins will be decreased from $2,500 to $2,000 for clearing members; from $2,750 to $2,200 for members; and from $3,375 to $2,700 for customers.