Rising global interest in the crude oil, gasoline and natural gas markets, has driven the price of a New York Mercantile Exchange (Nymex) Nymex Division seat to a new record of $2.49 million, topping a $2 million sale on Oct. 12, 2004, Nymex reported on Wednesday.

The exchange has a finite number of seats (816), and a seat can only be purchased if a member puts one up for sale. The latest seller and buyer were not disclosed. Ownership of a seat on the Nymex Division also represents a share of common stock in Nymex Holdings Inc.

“In a year when the exchange has experienced unprecedented volume levels and is in the midst of global expansion, we are gratified by the strength of our seat values,” said Exchange President James E. Newsome. “The record serves as an indication of the market’s confidence in our continued growth.”

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