News Release

Exchange Changes Position Limits For Crude Oil Contracts

Fri May 06 2005
NEW YORK, N.Y., May 6, 2005 -- The New York Mercantile Exchange, Inc., announced today that it will expand the position limits for its light, sweet crude oil futures contract and certain other crude oil contracts for the June 2005 contract month beginning on May 9.

The position limits, which are in place during the last three trading days, will be increased to 2,000 contracts from 1,500 and will also apply to the West Texas Intermediate (WTI) calendar swap futures contract, the crude oil average price options contract, and the crude oil European-style options contract.


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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.

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