News Release

NYMEX to Change Margins For Crude Oil, Related Futures Contracts

Tue Nov 27 2007

NEW YORK, N.Y., November 27, 2007 -- The New York Mercantile Exchange, Inc. today announced margin changes for its crude oil and related futures contracts, beginning at the close of business tomorrow.

Margins for the January 2008 crude oil, crude oil calendar swap, and crude oil financial futures contracts will decrease to $5,250 from $5,750 for clearing members, to $5,775 from $6,325 for members, and to $7,088 from $7,763 for customers. Margins for all other months will decrease to $4,500 from $5,000 for clearing members, to $4,950 from $5,500 for members, and to $6,075 from $6,750 for customers.

The margins for the January 2008 NYMEX miNYTM crude oil futures contract will decrease to $2,625 from $2,875 for clearing members, to $2,888 from $3,163 for members, and to $3,544 from $3,881 for customers. Margins for all other months will decrease to $2,250 from $2,500 for clearing members, to $2,475 from $2,750 for members, and to $3,038 from $3,375 for customers.  

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Forward Looking and Cautionary Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results.  Forward-looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward-looking statements.  In particular, the forward-looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets.  We assume no obligation to update or supplement our forward-looking statements.

 Contact: Steffanie Marchese 212-299-2455 or Keil Decker, 212-299-2209

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