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Heating Oil

CFD on the daily spot price of home heating oil (HO).

Product Type: Commodity	Subtype: Energy
Country: United States (US)	Currency: USD
Trading Hours: According to market	Measurement Unit: Gallons

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Description:

Heating Oil is a refined byproduct of crude oil, making its price directly tied to WTI crude oil prices. It’s used as fuel for boilers and furnaces to heat buildings and homes. Demand is highest during the winter months, particularly between October and March. Other than cold weather, refining costs, the price of alternative heating fuels and government regulations all play a role in dictating the price of Heating Oil.

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Interesting Facts:

Heating oil is usually moved using pipelines, tankers, barges, trains and trucks.
It is traded on the Chicago Mercantile Exchange.
United States Diesel-Heating Oil Fund is traded on NYMEX.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full risk warning.

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