NO. 2 HEATING OIL, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      196,456
COMMITMENTS
  34,898   29,527   34,697   92,602  103,586  162,197  167,810   34,258   28,646

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:      5,870)
   7,350    1,158    3,747   -7,853    1,183    3,245    6,088    2,625     -219

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    17.8     15.0     17.7     47.1     52.7     82.6     85.4     17.4     14.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      126)
      33       25       31       55       61      109       99
 
 
NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(10,000 MMBTU'S)                                     OPEN INTEREST:      690,603
COMMITMENTS
  42,026   58,160  278,237  287,569  319,001  607,832  655,398   82,771   35,206

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:     45,474)
   6,350    4,046   22,802   12,795   16,569   41,946   43,417    3,527    2,057

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     6.1      8.4     40.3     41.6     46.2     88.0     94.9     12.0      5.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      203)
      61       51       80       84       77      184      173
 
 
M-3 BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       70,026
COMMITMENTS
   7,696    4,708        0   55,019   60,694   62,715   65,402    7,311    4,624

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:      3,534)
   3,348        0        0      186    3,534    3,534    3,534        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    11.0      6.7      0.0     78.6     86.7     89.6     93.4     10.4      6.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       28)
       1        1        0       19       20       20       21
 
 
PG&E CITYGATE BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       39,625
COMMITMENTS
   3,251        0    4,322   28,212   31,122   35,785   35,444    3,840    4,181

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:        856)
    -961     -143       25    2,160      612    1,224      494     -368      362

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.2      0.0     10.9     71.2     78.5     90.3     89.4      9.7     10.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       3        0        3       17       14       20       17
 
 
SUMAS BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       63,122
COMMITMENTS
   4,266    1,607    1,182   51,254   51,264   56,702   54,053    6,420    9,069

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:      1,887)
  -1,474        0      276    3,393    1,486    2,195    1,762     -308      125

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     6.8      2.5      1.9     81.2     81.2     89.8     85.6     10.2     14.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       1        1        1       19       17       20       19
 
 
HENRY HUB GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      944,623
COMMITMENTS
 254,087   64,344  156,845  516,175  713,481  927,107  934,670   17,516    9,953

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:     13,986)
   7,902    2,075     -963    6,374   13,405   13,313   14,517      673     -531

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    26.9      6.8     16.6     54.6     75.5     98.1     98.9      1.9      1.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      113)
      18        8       24       75       72      103       98
 
 
HENRY HUB PENULTIMATE GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      113,825
COMMITMENTS
  23,413   41,845   28,138   59,341   42,380  110,892  112,363    2,933    1,462

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:      5,418)
  -1,329   -4,045    6,178    3,024    3,623    7,873    5,756   -2,455     -338

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    20.6     36.8     24.7     52.1     37.2     97.4     98.7      2.6      1.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       43)
      11        8       14       21       20       39       35
 
 
PJM ELECTRICITY MONTHLY - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:       43,248
COMMITMENTS
   2,657    2,754   11,919   28,265   28,219   42,842   42,892      406      355

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:        119)
     460     -644      940     -277      310    1,123      607   -1,004     -488

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     6.1      6.4     27.6     65.4     65.3     99.1     99.2      0.9      0.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       39)
       5        4        7       26       27       33       36
 
 
NYISO ZONE A LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:       17,864
COMMITMENTS
   3,196    1,196    1,114   13,316   15,316   17,626   17,626      238      238

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:       -909)
     794     -144     -765   -1,176     -198   -1,147   -1,107      238      198

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    17.9      6.7      6.2     74.5     85.7     98.7     98.7      1.3      1.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       26)
       4        1        4       16       16       21       20
 
 
CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:    1,268,379
COMMITMENTS
 160,528   53,199  315,481  709,166  810,349  1185175  1179030   83,204   89,350

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:     90,072)
  25,372   13,405   43,319   12,100   30,153   80,791   86,877    9,281    3,195

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    12.7      4.2     24.9     55.9     63.9     93.4     93.0      6.6      7.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      285)
      82       90      114       85       98      237      241
 
 
PALLADIUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       13,148
COMMITMENTS
   8,144    1,661      142    1,691   10,534    9,977   12,337    3,171      811

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:       -142)
     163     -888       49     -706      996     -494      157      352     -299

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    61.9     12.6      1.1     12.9     80.1     75.9     93.8     24.1      6.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      114)
      67       12        6       13       23       85       38
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:        7,857
COMMITMENTS
   3,917      474       61    1,619    6,128    5,597    6,663    2,260    1,194

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:        504)
     565       94      -99     -153      276      313      271      191      233

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    49.9      6.0      0.8     20.6     78.0     71.2     84.8     28.8     15.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       42)
      20        3        1        6       12       27       16
 
 
UNLEADED GASOLINE, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/08/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      206,871
COMMITMENTS
  43,061    4,691   38,923   98,549  143,032  180,534  186,647   26,337   20,224

CHANGES FROM 03/01/05 (CHANGE IN OPEN INTEREST:     19,967)
  13,646     -785    5,698   -4,471   11,266   14,873   16,179    5,094    3,789

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    20.8      2.3     18.8     47.6     69.1     87.3     90.2     12.7      9.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      173)
      57       25       46       64       80      141      134
 

Updated March 11, 2005