CME Group will not list new heating oil contracts

NEW YORK, Sept 2 | Wed Sep 2, 2009 8:55am 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 Aug. 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.

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