News Release

Exchange Offers Crude Oil, Heating Oil, and Gasoline Average Price Options on NYMEX ClearPort®

Fri Nov 11 2005

NEW YORK, N.Y., November 11, 2005 — The New York Mercantile Exchange, Inc., today announced that it will offer average price options on crude oil, heating oil, and gasoline to be cleared on NYMEX ClearPort® clearing beginning on November 14.

The options will also continue to trade on the NYMEX Division trading floor. The listing on NYMEX ClearPort® will begin with the November 2005 contract month for 72 consecutive months for crude oil and 36 consecutive months for heating oil and gasoline. The contracts can only be financially settled on expiration day, the last business day of the calendar month.

Minimum price increments will be $0.01 per barrel for crude oil and $0.0001 per gallon for both heating oil and unleaded gasoline. Strike prices will be listed at $0.50 intervals for crude oil and $.01 for both heating oil and gasoline.

Clearing fees will be $1.75 for members and $2.50 for non-members. Cash settlement fees will be $0.90 for members and $1.15 for non-members.

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