UPDATE 1-CME halts new heating oil futures due spec change

NEW YORK, Sept 2 | Wed Sep 2, 2009 9:04am EDT

NEW YORK, Sept 2 (Reuters) - The CME Group will not list additional futures contract months for the New York Harbor No. 2 Heating Oil Futures contract beyond the August 2012 contract due to proposed sulfur-content specification changes.

"The proposed legislation, currently pending in New Jersey and New York State, intends to reduce the sulfur level in heating oil," CME Group, which owns the New York Mercantile Exchange, said on its website.

"The existing New York Harbor No. 2 Heating Oil Futures and corresponding Option contracts, listed below, will continue to be listed for trading through August 2012."

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