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CME hikes margins for Crude-oil futures

CME hikes margins for crude-oil futures ( CLQ2 CME ) (by Myra P. Saefong)

SAN FRANCISCO (MarketWatch) -- The CME Group Inc. (cme) late Thursday increased performance bond requirements for crude-oil futures contracts, including the benchmark futures contract. Initial margins for the benchmark will increase to $6,885 from $6,210 per contract, effective after the close of business on Monday, while maintenance margins will rise to $5,100 from $4,600 per contract. August crude (clq2) fell 44 cents to close at $87.22 a barrel Thursday on the New York Mercantile Exchange.