CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.

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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HEATING_OIL Market Sentiment
HEATING_OIL Chart

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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