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1. • 
     • On the CME Group, a heating oil futures contract (HO) settles for 42,000 gallons or 1,000 barrels of the commodity, and the price quotation is in U.S. dollars and cents per gallon. The minimum price fluctuation is $0.0001 per gallon or $4.2 per contract.
     Reference:

     Heating Oil Futures Explained – Futures Contract ...

2. People also ask

   How do heating oil futures contracts function?

   • Heating oil futures contracts on the CME Group settle for 42,000 gallons or 1,000 barrels of the commodity. The price quotation for these contracts is in U.S. dollars and cents per gallon. They can be traded even after regular trading hours through their electronic trading platforms.

   Heating Oil Futures Explained - Futures Contract Specifications, Facts

   therobusttrader.com/heating-oil-futures/

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   What are heating oil futures?

   • Heating oil futures are contracts to buy or sell a standardized quantity of heating oil at a future date. They are essential commodities in places where natural gas is unavailable or too expensive, primarily used for heating homes and offices. Both the CME Group and the ICE offer heating oil futures contracts.

   Heating Oil Futures Explained - Futures Contract Specifications, Facts

   therobusttrader.com/heating-oil-futures/

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   What are oil futures contracts?

   • Oil futures contracts are simple in theory. They continue the time-honored practice of certain participants in the market selling risk to others who gladly buy it in the hopes of making money. To wit, buyers and sellers establish a price that oil (or soybeans, or gold) will trade at not today, but on some coming date.

   Introduction to Trading in Oil Futures - Investopedia

   www.investopedia.com/articles/active-trading/040615/introduction-trading-oil-futures.asp

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   What happens when a heating oil contract expires?

   • When a heating oil futures contract expires, it is settled by physical delivery on the NYMEX, but it is cash settled on the ICE. To start trading heating oil futures, you need to create an account with the exchange through your futures broker and deposit the required margin.

   Heating Oil Futures Explained - Futures Contract Specifications, Facts

   therobusttrader.com/heating-oil-futures/

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   Where are heating oil futures traded?

   • Heating oil futures contracts are traded on the Intercontinental Exchange (ICE) and the New York Mercantile Exchange (NYMEX). The exchanges are part of the Chicago Mercantile Exchange (CME) Group, and contracts can be traded even after the regular trading hours through their electronic trading platforms.

   Heating Oil Futures Explained - Futures Contract Specifications, Facts

   therobusttrader.com/heating-oil-futures/

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   What factors affect the prices of heating oil futures?

   • Heating oil futures' prices can be influenced by several factors. Weather and seasonality are among them: The demand for heating oil increases during the cold months, driving up the price of the commodity. In contrast, demand declines and so does the price in the warmer months.

   Heating Oil Futures Explained - Futures Contract Specifications, Facts

   therobusttrader.com/heating-oil-futures/

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3. www.cmegroup.com › heating-oilNY Harbor ULSD Overview - CME Group

   www.cmegroup.com › heating-oil

   • Cached

   To support the transition to a greener energy market for transportation fuels, CME Group’s NYMEX is now offering four futures contracts for Used Cooking Oil (UCO) and Used Cooking Oil Methyl Ester (UCOME).­

4. therobusttrader.com › heating-oil-futuresHeating Oil Futures Explained – Futures Contract ...

   therobusttrader.com › heating-oil-futures

   • Cached

   • Uses of Heating Oil
   • The Largest Producers and Consumers of Heating Oil
   • Why Trade Heating Oil Futures Contracts?
   • How Heating Oil Futures Trade
   • Heating Oil Futures Trading Strategies
   • Factors That Affect Heating Oil Futures
   • Conclusion
   • FAQ

   The primary use for heating oil is space heating, both in residential and office buildings, but some also use it for heating water. According to the Energy Information Administration (EIA), about 5.7 million households in the United States depend on heating oil during the winter months. Since space heating is the main use of the commodity, the dema...

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   The world’s production of distillate fuel oil has grown steadily over the years to keep up with the increasing demand. As a result, heating oil futures are becoming more popular on commodity exchanges. The United States has the biggest refining capacity, followed by China, and Russia. Other countries with big refining capacity are India, Japan, Sou...

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   The reasons for trading heating oil futures vary with the trader’s needs. It could be for speculation, but it could also be for hedging against inflation or diversifying one’s portfolio. Some stakeholders in heating oil production or distribution can use the futures market to manage their price risk. Hedging against price fluctuation: The main stak...

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   Heating oil futures contracts are traded on the Intercontinental Exchange (ICE) and the New York Mercantile Exchange (NYMEX), which is a member of the Chicago Mercantile Exchange (CME) Group. The contracts can be traded even after the regular trading hours through their electronic trading platforms. On the CME Group, a heating oil futures contract ...

   See full list on therobusttrader.com

   Building trading strategies for heating oil futures certainly is possible, and there are quite a lot of edges lying around in the market. We trade quite a few heating oil trading strategies, and have found that it makes an excellent addition to a portfolio of strategies on other markets, by reducing risk and increasing potential returns. In general...

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   There are many factors that can affect the prices of heating oil futures. These are some of them: Weather and seasonality: The demand for heating oil increases during the cold months of winter, driving up the price of the commodity. In the warmer months, demand declines and so does the price. The price of crude oil: Crude oil prices significantly a...

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   Heating oil is an essential commodity in places where natural gas is unavailable or too expensive. It is primarily used for heating homes and offices. Both the CME Group and the ICE offer heating oil futures contracts. Here is our archivewith articles about other tradeable futures markets.

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   Who Trades Heating Oil Futures and Why? Various stakeholders engage in heating oil futures trading. Producers and distributors may hedge against price fluctuations, while speculators aim to benefit from price changes. Investors and fund managers also trade for portfolio diversification and as an inflation hedge. How Do Hedging Strategies Work in th...

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   • Contract Size: $42,000
   • Symbol: HO

   • Exchange: CME
   • Tick Size: $4.2

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6. www.marketwatch.com › investing › futureHeating Oil (NYM $/gal) Front Month Overview - MarketWatch

   www.marketwatch.com › investing › future

   3 days ago · HO.1 | A complete Heating Oil (NYM $/gal) Front Month futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.

   • 1 Month: 5.21%
   • 5 Day: 1.19%

   • 3 Month: 18.37%
   • YTD: 15.82%

7. www.investopedia.com › articles › active-tradingIntroduction to Trading in Oil Futures - Investopedia

   www.investopedia.com › articles › active-trading

   • Cached

   Mar 4, 2021 · How Do Oil Futures Contracts Work? Oil futures contracts are simple in theory. They continue the time-honored practice of certain participants in the market selling risk to others who gladly buy...

8. tradingeconomics.com › commodity › heating-oilHeating oil Price - Chart - Historical Data - TRADING ECONOMICS

   tradingeconomics.com › commodity › heating-oil

   • Cached

   Heating oil, also known as No. 2 fuel oil, accounts for about 25% of the yield of a barrel of crude, the second largest "cut" after gasoline. The heating oil futures contract trades in units of 42,000 gallons (1,000 barrels) and is based on delivery in New York harbor, the principal cash market trading center.

9. www.investing.com › commodities › heating-oilHeating Oil Futures Price Today - Investing.com

   www.investing.com › commodities › heating-oil

   • Cached

   Gain instant access to the live Heating Oil price, key market metrics, trading details, and intricate Heating Oil futures contract specifications.

10. blog.stonexone.com › understanding-winterUnderstanding Winter Seasonality of Heating Oil Futures Prices

    blog.stonexone.com › understanding-winter

    • Cached

    Let’s dive deeper into what the NY Harbor ULSD contract is, its functionality, and a few key drivers of heating oil futures prices. What Are NY Harbor ULSD Heating Oil Futures? There are two types of energy futures contracts listed for trade on the CME: commodity and refined.