Market reference update: Contract examples below may be historical. See the official exchange resources for current listings and terms.
Heating Oil futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of heating oil (eg. 42000 gallons) at a predetermined price on a future delivery date.
Exchange and contract information
Contract availability, lot size, quotation units, exercise style and settlement are product-specific. Use the current official resources below; historical contracts named in older examples should not be assumed to be listed today.
Official futures market resources
Use the exchange pages for current contract specifications and margin information. Quotes may be delayed or require sign-in. Margin requirements vary by position and broker.
| Exchange & futures product | Market information | Margin information |
|---|---|---|
| NYMEX NY Harbor ULSD (HO) | Quotes / market data Contract specifications | View margin information |
Exchange references reviewed 2026-09-12. Educational examples and exchange names elsewhere in this article may be historical.
Heating Oil Price Chart — CFD Reference
Capital.com Heating Oil CFD reference price. This broker CFD (contract for difference) is a market reference, not a spot price or an exchange futures contract. Prices and quoting units may differ from the contracts described in this guide. Check the widget timestamp and market status; prices may be delayed.
Heating Oil Futures Trading Basics
Consumers and producers of heating oil can manage heating oil price risk by purchasing and selling heating oil futures. Heating Oil producers can employ a short hedge to lock in a selling price for the heating oil they produce while businesses that require heating oil can utilize a long hedge to secure a purchase price for the commodity they need.
Heating Oil futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable heating oil price movement. Speculators buy heating oil futures when they believe that heating oil prices will go up. Conversely, they will sell heating oil futures when they think that heating oil prices will fall.
Learn More About Heating Oil Futures & Options Trading
- Buying Heating Oil Futures to Profit from a Rise in Heating Oil Prices
- Selling Heating Oil Futures to Profit from a Fall in Heating Oil Prices
- Heating Oil Options Basics
- Heating Oil Call Option Trading Basics
- Heating Oil Put Option Trading Basics
- Hedging Against Rising Heating Oil Prices with Heating Oil Futures
- Hedging Against Falling Heating Oil Prices with Heating Oil Futures
Content reviewed:
References: CME hedge mechanics and basis; CME futures/options hedging guide. Contract-specific resources appear on the linked market page.