Full trading conditions >>
|Product Type: Commodity||Subtype: Energy|
|Country: United States (US)||Currency: USD|
|Trading Hours: According to market||Measurement Unit: Gallons|
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.