Nymex To Reduce Margins On Crude Oil And Petroleum Product Futures

The New York Mercantile Exchange, Inc., announced today that it will decrease the margins on seven of its crude oil futures contracts, e-miNYsm crude oil futures, heating oil futures, New York harbor heating oil swap futures, unleaded gasoline futures, and New York harbor gasoline swap futures at the close of business tomorrow.

Margin rates on the light, sweet crude oil; Light Louisiana Sweet crude oil; West Texas Sour crude oil; West Texas Intermediate (WTI)-Midland crude oil; Mars Blend crude oil; Brent crude oil; WTI crude oil swap; heating oil; New York harbor heating oil swap; unleaded gasoline; and New York harbor gasoline swap futures contracts will decrease to $2,500 from $3,000 for clearing members, to $2,750 from $3,300 for members, and to $3,375 from $4,050 for customers.

The margins on e-miNYsm crude oil futures contracts will decrease to $1,000 from $1,200 for clearing members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers.