NO. 2 HEATING OIL, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      205,396
COMMITMENTS
  18,131   26,676   37,573  118,283  117,140  173,987  181,390   31,409   24,006

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:       -727)
  -9,089    2,869     -488   12,065   -1,245    2,488    1,136   -3,215   -1,863

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.8     13.0     18.3     57.6     57.0     84.7     88.3     15.3     11.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      122)
      23       27       30       63       65      103      107
 
 
NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(10,000 MMBTU'S)                                     OPEN INTEREST:      776,911
COMMITMENTS
  32,601   62,253  309,075  353,249  360,123  694,925  731,450   81,986   45,460

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     23,236)
  -1,432    8,593    7,157   12,773    5,549   18,498   21,298    4,738    1,938

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.2      8.0     39.8     45.5     46.4     89.4     94.1     10.6      5.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      202)
      47       62       74       88       80      178      176
 
 
M-3 BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      108,014
COMMITMENTS
   8,556    9,380      904   88,828   86,807   98,288   97,091    9,726   10,923

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      4,552)
       0      612       62    3,332    3,272    3,394    3,946    1,158      606

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     7.9      8.7      0.8     82.2     80.4     91.0     89.9      9.0     10.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       31)
       1        2        2       19       24       22       26
 
 
TCO BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       53,934
COMMITMENTS
   9,716    9,554      604   40,661   36,556   50,981   46,714    2,953    7,220

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:        300)
     856      120        0     -308      548      548      668     -248     -368

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    18.0     17.7      1.1     75.4     67.8     94.5     86.6      5.5     13.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       1        3        1       12       12       14       15
 
 
MALIN BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       53,690
COMMITMENTS
   2,518    4,809    3,643   42,242   42,570   48,403   51,022    5,287    2,668

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      6,552)
   1,035     -254      858    4,719    6,008    6,612    6,612      -60      -60

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.7      9.0      6.8     78.7     79.3     90.2     95.0      9.8      5.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       22)
       1        2        2       18       15       20       18
 
 
PG&E CITYGATE BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       59,606
COMMITMENTS
   6,408   13,984    2,747   46,697   38,676   55,852   55,407    3,754    4,199

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      3,666)
    -366    2,741      350    3,464      535    3,448    3,626      218       40

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    10.8     23.5      4.6     78.3     64.9     93.7     93.0      6.3      7.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       28)
       1        3        3       22       20       25       24
 
 
NGPL TEXOK BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       36,041
COMMITMENTS
   2,476        0      246   32,341   33,391   35,063   33,637      978    2,404

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:          .)
       .        .        .        .        .        .        .        .        .

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     6.9      0.0      0.7     89.7     92.6     97.3     93.3      2.7      6.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       20)
       1        0        1       17       17       18       18
 
 
SUMAS BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       60,503
COMMITMENTS
       0    1,742    3,999   43,750   44,494   47,749   50,235   12,754   10,268

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     -1,374)
       0   -1,290     -358   -2,504      -64   -2,862   -1,712    1,488      338

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     0.0      2.9      6.6     72.3     73.5     78.9     83.0     21.1     17.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       0        1        1       19       20       20       21
 
 
DOMINION BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       74,732
COMMITMENTS
  36,148   24,670      480   32,634   46,530   69,262   71,680    5,470    3,052

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:        722)
     -60      120       60      420      482      420      662      302       60

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    48.4     33.0      0.6     43.7     62.3     92.7     95.9      7.3      4.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       2        1        1       18       18       20       20
 
 
HENRY HUB GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      981,974
COMMITMENTS
 231,571   72,477  162,815  568,352  735,946  962,738  971,238   19,236   10,736

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      6,782)
 -15,983    2,995    5,108   19,302      215    8,427    8,318   -1,645   -1,536

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.6      7.4     16.6     57.9     74.9     98.0     98.9      2.0      1.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      126)
      24        9       31       84       79      120      111
 
 
HENRY HUB PENULTIMATE GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      139,803
COMMITMENTS
  21,038   51,791   30,102   87,181   56,284  138,321  138,177    1,482    1,626

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      2,820)
    -290      466    1,700    3,170      850    4,580    3,016   -1,760     -196

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    15.0     37.0     21.5     62.4     40.3     98.9     98.8      1.1      1.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       50)
      11        9       14       28       27       46       43
 
 
PJM ELECTRICITY MONTHLY - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:       62,357
COMMITMENTS
  16,472    2,297   14,875   30,086   44,944   61,433   62,116      924      241

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      1,248)
     918     -826      647     -639    1,285      926    1,107      322      141

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    26.4      3.7     23.9     48.2     72.1     98.5     99.6      1.5      0.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       42)
       3        4        7       33       29       40       36
 
 
NYISO ZONE A LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:       21,977
COMMITMENTS
   3,184      809    1,438   17,311   19,177   21,933   21,424       44      553

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:       -348)
       0       78      -44       36      -42       -8       -8     -340     -340

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    14.5      3.7      6.5     78.8     87.3     99.8     97.5      0.2      2.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       27)
       2        2        3       17       18       21       21
 
 
NYISO ZONE G LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:        8,935
COMMITMENTS
     172    5,474      856    7,907    2,605    8,935    8,935        0        0

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:          0)
       0        0        0        0        0        0        0        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     1.9     61.3      9.6     88.5     29.2    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       23)
       1        3        2       12        9       15       12
 
 
ISO NEW ENGLAND LMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:        9,650
COMMITMENTS
   3,480    2,900    1,700    4,220    4,670    9,400    9,270      250      380

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:        220)
    -200      100        0      440      140      240      240      -20      -20

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    36.1     30.1     17.6     43.7     48.4     97.4     96.1      2.6      3.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       22)
       3        2        5       15       15       20       20
 
 
CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:    1,200,803
COMMITMENTS
  96,192   66,500  306,273  738,759  749,570  1141224  1122344   59,579   78,460

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:   -133,551)
 -15,655   -3,559  -50,485  -47,919  -61,978 -114,060 -116,022  -19,491  -17,529

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.0      5.5     25.5     61.5     62.4     95.0     93.5      5.0      6.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      266)
      68       94      110       85       93      212      244
 
 
PALLADIUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       13,181
COMMITMENTS
   8,017    3,190      333    2,118    8,806   10,468   12,329    2,713      852

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:       -139)
     -82      119       77       -9     -383      -14     -187     -125       48

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    60.8     24.2      2.5     16.1     66.8     79.4     93.5     20.6      6.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      116)
      60       20        6       13       22       77       47
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:        8,181
COMMITMENTS
   4,875    1,558      146    1,388    5,553    6,409    7,257    1,772      924

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     -1,314)
  -1,520      293      141      320   -1,614   -1,059   -1,180     -255     -135

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    59.6     19.0      1.8     17.0     67.9     78.3     88.7     21.7     11.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       52)
      20       10        3        8       15       30       26
 
 
UNLEADED GASOLINE, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      190,366
COMMITMENTS
  22,815   12,844   39,027  112,793  124,287  174,634  176,157   15,732   14,209

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     -1,008)
  -7,937    2,458      738   10,465   -2,275    3,265      920   -4,273   -1,928

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    12.0      6.7     20.5     59.3     65.3     91.7     92.5      8.3      7.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      166)
      45       31       51       69       80      133      145
 

Updated May 20, 2005