Oil tops $145, NYMEX raises energy margins

By Active Trader Staff
Amid continued record prices and increased attention on supposed excess market speculation, the New York Mercantile Exchange (NYMEX) raised margins on its energy futures contracts on June 9. In addition to margin increases for natural gas (NG), heating oil (HO), and gasoline futures (RB), the NYMEX raised margin on the remaining 2008 crude oil (CL) futures contracts by 13 percent, from $8,525 for members and $10,463 for customers to $9,625 and $11,813, respectively. All other crude contracts increased from $8,525 to $9,350 for members and from $10,463 to $11,475 for customers — a nearly 10-percent increase.


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