CME Raising Margins On Oil Products (CME, ICE)
ZeroHedge has been kind enough to post that the CME Group (NYSE: CME) is raising margins on the various oil contracts.
The margin for Nymex crude oil will go $6,750 per contract, up from $6,075 per contract. Heating oil margins rise to $6,413 from $5,063, and gasoline rises to $6,750 from $5,400.
I would expect to see a similar move from the Intercontinental Exchange (NYSE: ICE), as the ICE generally acts on whatever the CME does.
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