The New York Mercantile Exchange Inc. Friday announced the contract specifications for the initial slate of energy futures contracts that will be offered for side by side trading on CME Globex, the electronic trading platform of the Chicago Mercantile Exchange, on June 11 for trade date June 12.

The full-sized contracts and their commodity codes are: crude oil (penultimate) financial futures (WS); heating oil (penultimate) financial futures (BH); RBOB gasoline (penultimate) financial futures (RT); natural gas (penultimate) financial futures (HP); and natural gas (last-day) financial futures (HH).

The natural gas (penultimate) financial futures and natural gas (last-day) financial futures contracts will be 10,000 MMBtu in size with a minimum price fluctuation of $0.001 per MMBtu. The heating oil (penultimate) financial futures and RBOB gasoline (penultimate) financial futures contracts will be 42,000 gallons in size with a minimum price fluctuation of $0.0001 per gallon. The crude oil (penultimate) financial futures will be 1,000 barrels in size with a minimum price fluctuation of $0.01 per barrel.

The natural gas (penultimate) financial futures and natural gas (last-day) financial futures contracts will be listed for 72 consecutive months. The heating oil (penultimate) and the RBOB gasoline (penultimate) financial futures are expected to be available for 36 consecutive months. The crude oil (penultimate) financial futures will be listed for the current year plus five years with a new calendar year added following the termination of the December contract in the current year.

Additionally, the NYMEX miNYTM crude oil (QM), natural gas (QG); heating oil (QH); and RBOB gasoline (QU) futures contracts will be listed on CME Globex. The contracts will be listed for three consecutive months.

All contracts will be available for trading on the CME Globex trading platform from 6:00 PM Sundays through 5:15 PM on Fridays.

©Copyright 2006Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.