NYMEX To Lower Oil Margins As Of Close Of Business Tomorrow

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

The margins for each of the three contracts will be lowered to $4,000 from $5,000 for clearing members, $4,400 from $5,500 for members, and $5,400 from $6,750 for customers.