Nymex To Raise Margin On Physically Delivered, Electronically Traded Crude Oil Futures Contracts

The New York Mercantile Exchange announced today that it will increase the margins on its Light Louisiana Sweet crude oil, West Texas Sour crude oil, West Texas Intermediate-Midland crude oil, and Mars Blend crude oil futures contracts at the close of business February 27 to $3,000 from $2,400 for clearing members, to $3,300 from $2,640 for members, and to $4,050 from $3,240 for customers.