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Financial derivatives grow rapidly in oil and gas markets. (News).

Publication: Energy User News

Publication Date: 01-APR-03
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COPYRIGHT 2003 Business News Publishing Co.

The daily average volume of energy-related futures contracts on the New York Mercantile Exchange (NYMEX) grew from approximately 7340 in 1982 to 467,042 in the first half of 2002. Essentially all of these contracts involve natural gas and petroleum.

Today, natural gas and petroleum products are the second most...

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