VOL. XLIV

No 32

6 August 2001

CRUDE OIL/LPG PRICES

NYMEX To Start Brent Trading On 5September

NYMEX will begin trading Brentcrude oil futures on 5 September and has initially offered 28 permits fortraders to deal in Brent on behalf of brokers and a further 28 for tradersdealing on behalf of locals (independent NYMEX members). Contracts will befor units of 1,000 barrels of crude, with November 2001 delivery Brent to bethe initial traded contract. Trading will be by open outcry from 09.00 to 15.10...