Trading In Crude Oil, Refined Product, And Electricity Futures On NYMEX ClearPort<SUP>sm</SUP> Extended Through Contract Month

The New York Mercantile Exchange, Inc., today extended the termination schedule for its crude oil, refined product, and electricity calendar swap futures contracts that trade on NYMEX ClearPortsm to allow for trading through the last business day of the contract month, starting with the August 2003 contract.

Previously, the last day of trading for each of these contracts was the last business day of the month preceding the contract month. The following products are included:

• West Texas Intermediate (WTI) crude oil calendar swap.
• Dubai crude oil calendar swap.
• WTI-Bow River crude oil swap.
• New York harbor gasoline swap.
• New York harbor heating oil swap.
• New York harbor gasoline crack spread swap.
• New York harbor heating oil crack spread swap.
• Gulf Coast unleaded gasoline crack spread swap.
• Gulf Coast No. 2 heating oil crack spread swap.
• Unleaded gasoline up-down swap.
• No. 2 heating oil up-down swap.
• NYMEX Division gasoline vs. NYMEX Division heating oil.
• New York conventional unleaded 87 gasoline vs. NYMEX Division gasoline.
• New York diesel vs. NYMEX Division heating oil swap.
• Gulf Coast gasoline vs. Gulf Coast heating oil swap.
• Gulf Coast jet fuel vs. NYMEX Division heating oil swap.
• West Coast Los Angeles jet fuel vs. NYMEX Division heating oil swap.
• West Coast-Los Angeles CARB gasoline swap.
• West Coast-Los Angeles CARB gasoline vs NYMEX Division gasoline swap.
• Gulf Coast residual fuel 3.0% sulfur.
• Gulf Coast residual fuel crack spread swap.
• New York harbor residual fuel 1% sulfur.
• New York harbor residual fuel crack spread swap.
• New York Independent System Operator (NYISO) Zone A electricity swap futures.
• NYISO Zone G electricity swap futures.
• NYISO Zone J electricity swap futures.

Exchange President J. Robert Collins, Jr., said, "Extending trading through the contract month for the financially settled futures contracts that trade on NYMEX ClearPortsm gives market participants more flexibility in offsetting their price risk in the physical markets while enabling them to take advantage of the credit protection offered by the Exchange clearinghouse."