What are heating oil futures?

Heating Oil futures are a cash settled futures contract that are unique in the fact that they appeal to both physical and financial traders. Heating oil is settled against the price for Heating Oil in New York Harbor and is settled in dollars and cents per gallon.

Is heating oil a good investment?

While the U.S is the 3 rd largest world producer of heating oil, according to the International Energy Agency, the U.S. should jump to number 1 as early as 2020. Heating oil futures are often bought to hedge against prices of diesel and jet fuel Heating oil is the second largest byproduct of crude oil, trailing only gasoline.

How much liquidity does heating oil have?

Access the deep liquidity of our Heating Oil products, with futures trading over 180 million barrels every day on NYMEX. Heating Oil's average daily volume exceeded 170K contracts/month in 2019, and its futures are currently traded in 94 different countries on NYMEX.

When can heating oil be produced?

Although heating oil is a byproduct of crude oil, there are restrictions on when it can be produced, with most production coming in the fall and summer. While the U.S is the 3 rd largest world producer of heating oil, according to the International Energy Agency, the U.S. should jump to number 1 as early as 2020.