BAL 
$61.00  0.29%  
CANE 
$13.54  0.14%  
JO 
$54.00  1.22%  
NIB 
$36.29  1.65%  
IEF 
$93.60  0.32%  
^UGA-IV 
$65.52  0.93%  
UNG 
$16.62  12.53%  
USO 
$73.20  1.08%  
FXA 
$64.87  0.03%  
FXB 
$121.58  0.08%  
FXC 
$72.41  0.10%  
FXE 
$99.94  0.09%  
FXF 
$101.17  0.21%  
FXY 
$61.67  0.13%  
UUP 
$28.02  0.11%  
CORN 
$19.25  1.64%  
SOYB 
$24.41  1.51%  
WEAT 
$5.37  0.19%  
JJC 
$19.56  1.24%  
GLD 
$187.48  0.01%  
PF-BRANDING-WHITE-HORIZONTAL

Heating Oil Futures, News, & Investing

Heating Oil

Heating oil had a strong price correlation to crude oil. Heating oil, also known as #2 fuel oil, accounts for 25% of the yield from a barrel of crude oil. 

Most of the demand for heating oil comes from October through March to heat homes in the U.S. Heating oil price has a strong correlation to diesel price.

Watch for our chart updates on the EIA Weekly Status Reports that report inventory and product supplied (demand). Bookmark this page or subscribe to our market updates newsletter to make smarter decisions when it comes to trading heating oil futures. And when you’ve decided trading heating oil futures is right for you, get started opening your account today.

Refinery Efficiency and Margins

Refinery efficiency will have an influence on the finished product markets. Efficiencies can be seasonally based on scheduled maintenance programs, and also be affected by unplanned disruptions like war, natural disasters, etc.

Refining margins play a big role in the supply of finished products. Utilizing crack spreads is how refinery operations decide how much and what product to produce. Since crude oil is the starting product, refiners must purchase it to then refine it into a finished product like gasoline, jet fuel, diesel, etc, and then sell the finished products. Some of the common crack spreads are the 1:1, 3:2:1, and 5:3:2 spreads.

We’re your source on heating oil futures & prices. Learn everything you need about the Henry Hub pipeline. 

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Crude Oil

Oil Prices Rise, Despite Build.

Crude Oil Prices Respond to Inventory Fluctuations, Shipping Challenges, Production Estimates. Crude oil prices witnessed a surge today following the Energy Information Administration’s (EIA) report,

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EIA crude

EIA Energy Stocks Report

Draw Confirmed by todays EIA report, Crude Prices See Upside. EIA Energy Stocks  API Estimates (6/27/23)  Crude: -2.408M  Gasoline: -2.85M  Distillates: +0.777M Today’s EIA report

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Exchange: New York Mercantile Exchange
Exchange Symbol: HO
Tick Size: $0.0001 (0.01 cent) per gallon ($4.20 per contract)
Contract Size: 42,000 gallons
Months: All Months
Trading Hours: 5:00 pm – 4:00 pm (Sun-Fri) (RTH 8:00 am – 1:30 pm) (Settles 1:30 pm) CST
Margin/Maintenance: $14,300/13,000

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