News Release

Exchange Announces Launch of Northwest Europe Gasoil Futures Contract in Dublin

Mon Apr 04 2005
New York, N.Y., April 4, 2005 — The New York Mercantile Exchange, Inc., today announced that it will launch a Northwest Europe gasoil futures contract with physical delivery in Amsterdam, Rotterdam, Antwerp (ARA) for open outcry trading in Dublin on Friday, April 8, 2005.

The contract will be available for open outcry trading Mondays through Fridays from 9:15 AM to 5:30 PM Dublin time. After-hours electronic trading will be available on NYMEX ACCESS on Monday mornings from 12 AM until 8:45 AM and on Mondays through Thursdays from 6:30 PM until 8:45 AM the following day.

The contract will be listed for 18 consecutive months, starting with the May 2005 contract month and has the commodity code GR. The contract units will be 100 metric tons with a minimum fluctuation of $0.25 per ton. Exchange fees will be waived for at least three months.

Exchange President James E. Newsome said, "We realize the importance of the gasoil futures market to the European trading community, and we are pleased to offer the contract in Dublin, coinciding with the close of open outcry gasoil futures trading in London."



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