These Futures Trading Facts are brought to you by:

THE CONSENSUS® DIRECTORY
OF FUTURES TRADING FACTS

UNLEADED GAS - NO. 2 HEATING OIL N.Y. - CRUDE OIL

COMMODITY
TYPE 		 UNLEADED GAS NO. 2 HEATING OIL
NEW YORK		 CRUDE OIL
EXCHANGE
NAME 		 NYME NYME NYME
TRADING TIME
(CENTRAL) 		 8:40 - 2:10 8:50 - 2:10 8:45 - 2:10
DELIVERY
MONTHS 		 All months All months All months
CONTRACT
UNIT 		 42,000 gal. 42,000 gal. 1,000 bbl.
PRICE
QUOTED IN 		 $/gal. $/gal. $/bbl.
MINIMUM
FLUCTUATION 		 $.0001/gal. $.0001/gal $.01/bbl
$VALUE OF 
MINIMUM TICK 		 $4.20 $4.20 10.00
$VALUE OF 
1¢ MOVE 		 420 420 10
MAX DAILY LIMITS
ABOVE OR BELOW
PREV CLS.¢ 		 6¢/gal. 6¢/gal. $3/bbl.
MAX DAILY LIMITS
ABOVE OR BELOW
PREV CLS. $ 		 2520 2520 3000
DAILY MAX. PERM
RANGE BET. DAY'S
HIGH & LOW ¢ 		 12¢/gal. 12¢/gal. $6/bbl.
DAILY MAX. PERM
RANGE BET DAY'S
HIGH & LOW $ 		 5040 5040 6000
LAST 
TRADE DAY 		 Last bus day of
the preceding month		 Last bus day of
the preceding month		 3rd bus day prior
to last bus day
FIRST 
DELIVERY DAY 		 6th bus day 6th bus day 1st calander day
NET MARGIN 
REQ INITIAL 		 5400 5400 5400
NET MARGIN 
REQ MANT. 		 4000 4000 4000
SPREAD MARGIN 
REQ INITIAL 		 675 540 540
SPREAD MARGIN 
REQ MANT. 		 500 400 400

KEY TO CONTRACT MONTHS

1st
Year		 Month 2nd
Year		 1st
Year		 Month 2nd
Year		 1st
Year		 Month 2nd
Year 
F January A K May E U September P 
G February B M June F V October R 
H March C N July L X November S 
J April D Q August O Z December T 
  • Minimum margin requirements have been recommended by the com. exchanges listed. Spread margins are intra-market only.
  • Consult your broker for changes that occur during spot months.
  • Contact your broker for individual brokerage hour margin requirements.
  • Contact your broker or the exchange for information on variable trading limits.
  • Price limitations are imposed by the various exchanges to prevent extreme price changes in any one day. When prices reach the trading limit, trading beyond that limit is stopped for that day. In nearly all markets, the Board of Directors of Governors has the power to change the limits in emergencies. in the current month, the limitations are broadened in certain futures contracts by permitting wider price ranges and in others by removing limitations entirely.
  • The above compilation includes all active commodities and their markets. The information contained herein is from sources believed to be reliable, but we cannot be held responsible for either its accuracy or completeness.
  • All information contained herein is subject to change by action of the respective commodity exchanges. We will make every effort to update any changes. We suggest that you direct any questions to the members of the exchanges. Those acting on this information are responsible for their own actions.

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    Copyright© CONSENSUS, Inc. 2001 

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