Heating Oil Futures

QUOTE AND NEWS
Reuters  Dec 3  Comment 
U.S. heating oil futures for the front-month climbed over 6 percent on Thursday as speculators exited bearish bets, traders said.
Reuters  Jan 29  Comment 
U.S. heating oil futures extended gains on Wednesday after U.S. government data showed a much larger-than-expected draw in distillate stocks, which include heating fuel and diesel. Distillate stocks fell by 4.6 million barrels compared with a...
Reuters  Jan 23  Comment 
U.S. ultra low-sulfur diesel futures, more commonly known as heating oil, rose to a session high on Thursday after U.S. government data showed a larger-than-expected draw in distillate stocks.     
Benzinga  Nov 26  Comment 
For the third day in a row, Heating Oil futures are finding resistance above 3.05. After reaching 3.0508 on Friday and 3.053 on Monday, the contract has stalled at 3.0518 in Tuesday's trading. This area coincides with the October 22 high...
Benzinga  Nov 20  Comment 
For the sixth time in six trading sessions, Heating Oil futures have attempted to break out over 2.95. In Wednesday's trading, the contract reached its highest level over this time period, reaching 2.9476. Since making the high, the contract has...
Benzinga  Nov 18  Comment 
After finding resistance around the 2.9450 level on Thursday (2.9466) and Friday (2.9438), Heating Oil futures reached 2.9450 in Monday's trading and sold off. The ensuing decline breached Friday's low (2.9217) and has found temporary support at...
Benzinga  Nov 7  Comment 
After a modest rally on Wednesday, Heating Oil futures have continued to decline. The contract, which has been lower in four of the five previous session, is trading at its lowest level since June 4, when the contract bottomed at 2.8298. (c)...
Benzinga  Nov 1  Comment 
After a brief rally off the open, Heating Oil futures are in the red. After breaching Thursday's low (2.9462), the contract traded as low as 2.8910. That level coincides with October 24 (2.839) and October 25 (2.895) lows. (c) 2013...
Benzinga  Oct 21  Comment 
After matching Thursday's high (3.0453), trading to 3.0448, Heating Oil futures have turned negative. At this time, the decline through the close (3.0354), has failed to reached Friday's low (2.9888). (c) 2013 Benzinga.com. Benzinga does not...
Benzinga  Feb 13  Comment 
Heating Oil futures have been on the move, but now the commodity is sitting just below significant resistance. Here's more… Resistance The daily chart of Heating Oil futures shows price has experienced a solid run of strength over the...




 
TOP CONTRIBUTORS


Heating Oil futures are traded on the New York Mercantile Exchange under ticker symbol HO in U.S. dollars and cents per gallon.[1]

The chart at left shows front-month Heating Oil Futures prices on the New York Mercantile Exchange in dollars per gallon.

Delivery Dates

Heating Oil futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Heating Oil futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009HOF9HO/F9-NM
February, 2009HOG9HO/G9-NM
March, 2009HOH9HO/H9-NM
April, 2009HOJ9HO/J9-NM
May, 2009HOK9HO/K9-NM
June, 2009HOM9HO/M9-NM
July, 2009HON9HO/N9-NM
August, 2009HOQ9HO/Q9-NM
September, 2009HOU9HO/U9-NM
October, 2009HOV9HO/V9-NM
November, 2009HOX9HO/X9-NM
December, 2009HOZ9HO/Z9-NM


Contract Specifications

Contract Size

One Heating Oil futures contract on the New York Mercantile Exchange is 42,000 U.S. gallons (1,000 barrels).[1]

Tick Value

$0.0001 (0.01¢) per gallon ($4.20 per contract).[1]

Daily Price Limit

$0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM until 5:15 PM, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
  • Open Outcry (pit session): 9:00 AM until 2:30 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the last business day of the month preceding the delivery month.[1]

Deliverable Grades

Generally conforms to industry standards for fungible No. 2 heating oil.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for Heating Oil futures
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