NYMEX miNY Light Sweet Crude Oil

NYMEX miNY Light Sweet Crude Oil
http://www.nymex.com/lsco_emi_cso.aspx

5/3/2007 Session Overview
Last Open High Open Low High Low Most Recent Settle Change June 2007 62.950 63.500 63.500 64.075 62.800 63.680 -.730 July 2007 64.625 65.300 65.300 65.700 64.550 65.350 -.725 Aug 2007 66.000 66.500 66.500 66.500 66.000 66.470 -.470 Sep 2007 n/a n/a n/a n/a n/a 67.280 +0 Oct 2007 n/a n/a n/a n/a n/a 67.900 +0 Nov 2007 n/a n/a n/a n/a n/a 68.420 +0 View real-time market data and charts 15 Minute Intraday Chart (Delayed Data)		Margins   Non-Member Customer Initial $2,363 Member Customer Initial $1,925 Clearing Member and Customer Maintenance $1,750          Quotes - M7 Last 62.950 Change -0.73 Previous 62.950 Most recent settle 63.680 High 64.075 Open Interest 7313 Low 62.800 Volume n/a

http://www.nymex.com/QM_desc.aspx Contract detail   Description      Specifications      Margins    Termination Schedule      Request for Information NYMEX miNY™ Light Sweet Crude Oil Futures

Description

Crude oil is the world's most actively traded physical commodity. The Exchange's standard-sized light sweet crude oil futures contract is the world's highest volume futures contract based on an underlying physical commodity and is used as a pricing benchmark worldwide. The delivery point of the contract is Cushing, Oklahoma, the nucleus of U.S. cash market crude oil trading, which is accessible to the world market by two major interstate petroleum pipeline systems. The light sweet crude oil futures contract provides for delivery of several grades of domestic and internationally traded foreign crudes which makes it an excellent hedging and trading instrument for the international oil industry. The futures contract is the most liquid trading instrument for crude oil, with daily trading volume averaging the equivalent of 230 million barrels of crude, approximately three times physical daily output.

Specifications   

Trading Unit each contract

500 barrels   1p=$500

Price Quotation

U.S. dollars and cents per barrel.

Minimum Price Fluctuation

$0.025 (2.5¢) per barrel ($12.50 per contract).