05/26/2006
By way of background, in the Energy Policy Act of 2005, Congress removed the oxygen content requirement for Reformulated Gasoline (RFG), and deliverable supplies of RFG have fallen sharply in New York Harbor.
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| Notice to Members |
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| Notice No. 280 05/26/2006 |
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| Reduction in the Spot Month Position Limit for the New York Harbor Reformulated Unleaded Gasoline Contract (HU) |
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| The Exchange has amended the New York Harbor Reformulated Unleaded Gasoline (HU) Futures Contract expiration position limit, as prescribed in NYMEX Rule 9.27, from 1,000 contracts (net) to 250 contracts (net). The amended expiration limits will be effective for the last three (3) trading sessions of the July 2006 HU contract, commencing as of the open of trading on June 28, 2006, and all subsequent expiration periods.
By way of background, in the Energy Policy Act of 2005, Congress removed the oxygen content requirement for Reformulated Gasoline (RFG), and deliverable supplies of RFG have fallen sharply in New York Harbor. |
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| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |