News Release

NYMEX to Launch New Brent Crude Oil Last Day Futures Contract on CME Globex® and NYMEX ClearPort®

Thu Jul 12 2007


New York, N.Y., July 12, 2007 -- The New York Mercantile Exchange, Inc. today announced that it will launch a new Brent crude oil last day futures contract on CME Globex and for clearing on NYMEX ClearPort.  The first listed month will be the September 2007 contract month, beginning on July 29 for trade date July 30.


The contract will be cash-settled, and the commodity code will be BZ.  The minimum price fluctuation will be $0.01 per barrel.  Trading will terminate at the close of business on the business day immediately preceding the 15th day prior to the first day of the delivery month.


The contract will be listed for up to 72 consecutive months on an annual basis (balance of current year plus five full years) and then June and December contracts for three additional years. 


Brent calendar spreads and strips for all listed months as well as intercommodity spreads with NYMEX crude oil futures contracts will be available on CME Globex.  TAS markets will be available as well in each of the first three months traded.


For more information, go to




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.


SOURCE: New York Mercantile Exchange, Inc.

CONTACT: Anu Ahluwalia, +1-212-299-2439, or Keil Decker,
+1-212-299-2209, both of NYMEX; or Allan Schoenberg of CME Group,

Web site:


Corporate Communications

+1 312 930 3434