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NYMEX: Exchange Board Approves Closing Day After Thanksgiving; Reduced Trading Hours Through Year's End

Date 30/10/2001

The New York Mercantile Exchange, Inc., today announced that it will close on Friday, November 23, and hold reduced trading hours through the end of 2001.

Exchange President J. Robert Collins, Jr., said, "The board made these decisions to provide some relief in consideration of continued transportation difficulties and the overwhelming desire expressed to us by our customers and traders to spend the holiday with their families. After the events of last month, enabling families to be together has become more critical than ever."

All contract expiration dates will remain unchanged, including the light, sweet crude oil options expiration scheduled for Wednesday, November 14, and the crude oil futures expiration scheduled for Monday, November 19.

The COMEX Division futures and options contracts will begin opening earlier on November 5, with the rest of the opening times and all closing times remaining the same.

As of November 5, the schedule will be as follows:

Copper
Open Outcry Trading: 8:10 AM to 1:00 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 8 AM

Aluminum
Open Outcry Trading: 8:15AM to 1:05 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 8 AM

Gold
Open Outcry Trading: 9:00 AM to 1:05 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 8 AM

Silver
Open Outcry Trading: 9:05 AM to 1:10 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 8 AM

Eurotop 100® and 300® futures
Open Outcry Trading: 8:15 AM to 11:00 AM

Palladium Futures
Open Outcry Trading: 8:40 AM to 1:00 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 8 AM

Platinum
Open Outcry Trading: 8:45 AM to 1:05 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 8 AM

Propane Futures
Open Outcry Trading: 9:20 AM to 1:10 PMNYMEX ACCESS® Trading: 5 to 7 PM, Mon. - Thurs.

Natural Gas
Open Outcry Trading: 10:00 AM to 2:30 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 9 AM

Brent Crude Oil
Open Outcry Trading: 9:45 AM to 2:30 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 9 AM

Light, Sweet Crude Oil
Open Outcry Trading: 10:00 AM to 2:30 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 9 AM

Heating Oil
Open Outcry Trading: 10:05 AM to 2:30 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 9 AM

Unleaded Gasoline
Open Outcry Trading: 10:05 AM to 2:30 PMNYMEX ACCESS® Trading: 7 Sun./3:15 PM, M-Th to 9 AM

Crack Spread Options
Open Outcry Trading: 10:05 AM to 2:30 PM

Brent/WTI Spread Options
Open Outcry Trading: 10:00 AM to 2:30 PM

Coal Futures
Open Outcry Trading: 10:30 AM to 2:00 PM