Tuesday, May 10, 2011

Now Let Them Pound Oil: CME Raises Margins by 25%

Oil takes a beating. The CME Group has just raised U.S. crude oil futures margins by 25%, effective as of the close of May 10.
Surprise sharp margin increases caused silver to crash down to earth over the last 2 weeks.
CME announced on its website that it had hiked margins for crude oil futures on the New York Mercantile Exchange by $1,250 per contract.

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