News Release

NYMEX Europe Sets Brent Crude Oil Daily Volume Record

Tue Apr 12 2005

NEW YORK, N.Y., April 12, 2005 — Brent crude oil futures trading set a daily volume record yesterday when 18,374 contracts were traded on the NYMEX Europe Dublin trading floor. The previous daily record of 16,427 Brent crude futures contracts traded was set on November 19, 2004.

Exchange President James E. Newsome said, "We are gratified by the increased interest expressed in the Brent crude oil futures contract by the trading community. The first few days of trading after the cessation of open outcry in London will be critical. We strongly believe that the petroleum markets are best suited to open outcry trading and we want energy market participants to know that we are in this venture for the long haul."

Samuel Gaer, chief executive officer of NYMEX Europe, said, "We are encouraged by the participation of the London trading community and the overwhelmingly positive feedback we have received from them. We look forward to continuing to build strong relationships as we progress towards opening the trading floor in London."

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