CME Raises Margins On Crude Oil, Heating Oil And Gasoline By More Than 10% Each

Tyler Durden's picture

The CME Group Inc. increased margins its New York Mercantile Exchange crude oil and petroleum products futures, effective after the close of trading today. The margin for Nymex crude oil will rise to $6,750 per contract from $6,075, while heating oil margins increase to $6,413 from $5,063 and gasoline to $6,750 from $5,400, the exchange said in a notice late yesterday. The attempts to prevent an out of control melt up in the one product everyone is terrified of, crude, are back on the table. Just like last week, when the ICE started and the CME followed suit, look for today's CME action to be promptly immitated by the ICE on Brent.

Full breakdown

CRUDE OIL -- OutrightRates

    Initial Maintenance
ARGUS LLS TRADE MONTH SWAP FUTURES (NY-A4)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
ARGUS SOUR CRUDE INDEX ("ASCI") CALENDAR MONTH SWAP FUTURES (NY-37)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
ARGUS SOUR CRUDE INDEX ("ASCI") FINANCIAL FUTURES (NY-A0)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
ARGUS SOUR CRUDE INDEX ("ASCI") TRADE MONTH SWAP FUTURES (NY-29)
Spec $4,950 $4,500
Hedge/Member $4,500 $4,500
ARGUS WTI FORMULA BASIS CALENDAR MONTH SWAP FUTURES (NY-39)-ARGUS WTI FORMULA BASIS CAL SWP (39)
Spec $33,000 $30,000
Hedge/Member $30,000 $30,000
ARGUS WTI TRADE MONTH SWAP FUTURES (NY-V7)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
BRENT (ICE) CALENDAR SWAP FUTURES (NY-CY) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT (ICE) CALENDAR SWAP FUTURES (NY-CY) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT (ICE) CALENDAR SWAP FUTURES (NY-CY) - Tier 3
Spec $5,738 $4,250
Hedge/Member $4,250 $4,250
BRENT (ICE) CALENDAR SWAP FUTURES (NY-CY) - Tier 4
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
BRENT CFD (PLATTS) VS. BRENT SECOND MONTH (PLATTS) SWAP FUTURES (NY-6W)
Spec $825 $750
Hedge/Member $750 $750
BRENT CRUDE OIL BALMO SWAP FUTURES (NY-J9)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 1
Hedge/Member $4,500 $4,500
Spec $6,075 $4,500
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 3
Spec $5,738 $4,250
Hedge/Member $4,250 $4,250
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 3
Spec $5,738 $4,250
Hedge/Member $4,250 $4,250
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 4
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 4
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 3
Spec $5,738 $4,250
Hedge/Member $4,250 $4,250
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 3
Spec $5,738 $4,250
Hedge/Member $4,250 $4,250
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 4
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 4
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
CRUDE OIL VOLATILITY FUTURE (NY-CVF) - Tier 1
Spec $3,300 $3,000
Hedge/Member $3,000 $3,000
CRUDE OIL VOLATILITY FUTURE (NY-CVF) - Tier 2
Spec $2,200 $2,000
Hedge/Member $2,000 $2,000
CRUDE OIL VOLATILITY FUTURE (NY-CVF) - Tier 3
Spec $1,650 $1,500
Hedge/Member $1,500 $1,500
DAILY WTI CALENDAR SWAP FUTURES (NY-DCL)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
DATED BRENT (PLATTS) CALENDAR SWAP FUTURES (NY-UB)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
DATED BRENT (PLATTS) DAILY SWAP FUTURES (NY-7G)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
DATED TO FRONTLINE BRENT BALMO SWAP FUTURES (NY-FE) - Tier 1
Spec $1,100 $1,000
Hedge/Member $1,000 $1,000
DATED TO FRONTLINE BRENT BALMO SWAP FUTURES (NY-FE) - Tier 2
Spec $1,100 $1,000
Hedge/Member $1,000 $1,000
DME OMAN CRUDE OIL BALMO SWAP FUTURES (NY-DOB)
Spec $7,150 $6,500
Hedge/Member $6,500 $6,500
DME OMAN CRUDE OIL SWAP FUTURES (NY-DOO)
Spec $7,150 $6,500
Hedge/Member $6,500 $6,500
DUBAI CRUDE OIL (PLATTS) BALMO SWAP FUTURES (NY-BI)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
DUBAI CRUDE OIL (PLATTS) BALMO SWAP FUTURES (NY-BI) - Tier 2
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
DUBAI CRUDE OIL (PLATTS) CALENDAR SWAP FUTURES (NY-DC)
Spec $4,950 $4,500
Hedge/Member $4,500 $4,500
GULF COAST SOUR CRUDE OIL FUTURES (NY-MB)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
GULF COAST SOUR CRUDE OIL FUTURES (NY-MB)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
LLS (ARGUS) CALENDAR SWAP FUTURES (NY-XA)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
LLS (ARGUS) TRADE MONTH SWAP FUTURES (NY-LI)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
LLS CRUDE OIL (NY-LS)
Spec $2,750 $2,500
Hedge/Member $2,500 $2,500
MARS (ARGUS) CALENDAR SWAP FUTURES (NY-MX)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
MARS (ARGUS) TRADE MONTH SWAP FUTURES (NY-MO)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
MARS (PLATTS) CALENDAR SWAP (NY-MV)
Spec $3,300 $3,000
Hedge/Member $3,000 $3,000
MARS (PLATTS) TRADE MONTH SWAP (NY-MZ)
Spec $3,300 $3,000
Hedge/Member $3,000 $3,000
OMAN CRUDE OIL (NY-OQ)
Spec $8,800 $8,000
Hedge/Member $8,000 $8,000
OMAN CRUDE OIL (NY-OQ)
Spec $8,800 $8,000
Hedge/Member $8,000 $8,000
REBCO FINANCIAL FUTURES (NY-R2)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
REBCO FUTURES (NY-RE)
Spec $6,600 $6,000
Hedge/Member $6,000 $6,000
S&P GSCI CRUDE PRODUCT (GCO)
Spec $5,500 $5,000
Hedge/Member $5,000 $5,000
WTI BALMO SWAP FUTURES (NY-42) - Tier 1
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
WTI BALMO SWAP FUTURES (NY-42) - Tier 2
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 1
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 2
Spec $6,075 $4,500
Hedge/Member $4,500 $4,500
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 3
Spec $5,400 $4,000
Hedge/Member $4,000 $4,000
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 4
Spec $5,063 $3,750
Hedge/Member $3,750 $3,750
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 5
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 6
Spec $4,388 $3,250
Hedge/Member $3,250 $3,250
WTI MIDLAND CRUDE OIL (NY-CM)
Spec $2,750 $2,500
Hedge/Member $2,500 $2,500
WTS (ARGUS) CALENDAR SWAP FUTURES (NY-XB)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
WTS (ARGUS) TRADE MONTH SWAP FUTURES (NY-AY)
Spec $6,050 $5,500
Hedge/Member $5,500 $5,500
WTS CRUDE OIL (NY-TS)
Spec $2,750 $2,500
Hedge/Member $2,500 $2,500
BRENT (ICE) CALENDAR SWAP FUTURES (NY-CY) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
BRENT (ICE) CALENDAR SWAP FUTURES (NY-CY) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
BRENT CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-BZ) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
BRENT CRUDE OIL PENULTIMATE FINANCIAL FUTURES (NY-BB) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
CRUDE OIL FINANCIAL FUTURES (NY-WS) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
CRUDE OIL LAST DAY FINANCIAL FUTURES (NY-26) - Rate 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
DATED BRENT (PLATTS) CALENDAR SWAP FUTURES (NY-UB)
Spec $7,150 $6,500
Hedge/Member $6,500 $6,500
DUBAI CRUDE OIL (PLATTS) CALENDAR SWAP FUTURES (NY-DC)
Spec $5,500 $5,000
Hedge/Member $5,000 $5,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 1
Spec $6,750 $5,000
Hedge/Member $5,000 $5,000
WTI CALENDAR SWAP FUTURES (NY-CS) - Tier 2
Spec $6,413 $4,750
Hedge/Member $4,750 $4,750