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Nymex To Resume Earlier Aluminum Opening Beginning January 2; Reschedule Comex Division Expirations In November 2002

Date 28/12/2001

The New York Mercantile Exchange, Inc., today announced that it will resume the regular opening time of 7:50 AM for its COMEX Division aluminum futures and options beginning on January 2, and reschedule the expirations of its COMEX Division November 2002 futures and December 2002 options contracts.

The expirations are being moved back due to the decision by the Exchange to close on the day after Thanksgiving. The options will expire on November 21 instead of November 25 and the futures will expire on November 25 instead of November 26.

The Exchange had previously announced that it would resume regular opening hours for its gold, silver, and copper futures and options markets beginning on January 2.

These markets will continue to trade on an abbreviated schedule with closing times that are one hour earlier than they were prior to September 11.

Trading hours for all Exchange futures and options markets will be as follows:

Contract Open Outcry Trading NYMEX ACCESS® Trading

Copper 8:10 AM to 1:00 PM 7 Sun./3:15 PM, M-Th to 8 AM

Aluminum 7:50 AM to 1:10 PM 7 Sun./3:15 PM, M-Th to 8 AM

Gold 8:20 AM to 1:30 PM 7 Sun./3:15 PM, M-Th to 8 AM

Silver 8:25 AM to 1:25 PM 7 Sun./3:15 PM, M-Th to 8 AM

Platinum 8:20 AM to 1:05 PM 7 Sun./3:15 PM, M-Th to 8 AM

Palladium 8:30 AM to 1 PM 7 Sun./3:15 PM, M-Th to 8 AM

Propane 9:20 AM to 1:10 PM 5 to 7 PM, Mon. - Thurs.

Natural Gas 10:00 AM to 2:30 PM* 7 Sun./3:15 PM, M-Th to 9 AM

Brent Crude Oil 9:45 AM to 2:30 PM 7 Sun./3:15 PM, M-Th to 9 AM

Light, Sweet Crude Oil 10:00 AM to 2:30 PM 7 Sun./3:15 PM, M-Th to 9 AM

Heating Oil 10:05 AM to 2:30 PM 7 Sun./3:15 PM, M-Th to 9 AM

Unleaded Gasoline 10:05 AM to 2:30 PM 7 Sun./3:15 PM, M-Th to 9 AM

Crack Spread Options 10:05 AM to 2:30 PM

Brent/WTI Spread Options 10:00 AM to 2:30 PM

Coal Futures 10:30 AM to 2:00 PM

Henry Hub natural gas swaps are traded on NYMEX ACCESS® from 7 PM, Sunday, and 3:15 PM, Mondays through Thursdays, through 1:30 the next day, with a one-hour halt from 9AM to 10 AM. Electricity futures are traded electronically, beginning at the same times on NYMEX ACCESS® and closing at 9 AM each day.