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 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.
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⛽EIA Energy Stocks🛢️ In early trading Crude oil prices experienced a slight decrease following the Energy Information Administration’s report of a 6 million barrel inventory
EIA Energy Report ⛽EIA Energy Stocks🛢️ The Energy Information Administration reported that U.S. commercial crude inventories experienced a decrease of 700,000 barrels for the week
Today, crude oil prices experienced a decrease following the U.S. Energy Information Administration’s report of a 5.9 million barrel inventory increase for the week ending
The U.S. Energy Information Administration (EIA) reported a decline of 1.5 million barrels in the estimated inventory for the week ending July 1. This decline
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
The Energy Information Administration reported on Thursday that strong export demand and reduced imports contributed to a surprising draw in U.S. crude stocks during the
The Energy Information Administration reported that the week to June 9 saw an estimated inventory build of 7.9 million barrels. This is in contrast to
U.S. Energy Information Administration reported an inventory build of 5 million barrels for the week to May 12, causing crude oil prices to move lower
EIA report shows declines in stock supplies across the board. Energy Information Administration reports an inventory draw of 5.1 million barrels for the week to April 21.
Energy Information Administration report a draw of 4.6 million barrels in crude oil inventories, as opposed to a modest build of 600,000 barrels the previous
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
Stocks Mixed, Yields Jump Ahead of JPow Roundtable. After narrowly avoiding a government shutdown over the weekend, Monday early trading...
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Futures prices may have already factored in the seasonal aspects of supply and demand. Unless otherwise indicated , this is not to be an offer to sell a solicitation to buy any futures or options on futures contracts. This data is from soruces we believe to be reliable but cannot guarantee its accuracy. Opinions expressed are subject to change without notice. Trading commodity futures and options on futures involve substantial risk and may not be appropriate for everyone. Past performance may not necessarily be indicative of future results.
