Oil Crash and Margins

8:50pm CDT - Interesting perspective from the NYMEX pits on last Thursday's oil crash here.

And according to CME Clearing, looks like CL margins (and other energy products) are going up 25%. CL initial margin is going from $6750 to $8438. And many currency futures are going up 33%. 6E (EC) going from $4050 to $5400 per contract. Brokers will be adjusting day trading margins to correspond no doubt!