Energies » Heating Oil Futures

The optionsXpress user-friendly trading platform and makes it easy and convenient to fire up your portfolio with heating oil futures! Open an account to trade futures at optionsXpress.

Contract Size
42,000 US Gallons
Tick Size
0.0001 = $4.20

About NYMEX Heating Oil Futures

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 at the New York Mercantile Exchange 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.

Heating oil futures and options provide individual investors with an easy and convenient way to participate in an essential energy market. In addition, a broad cross-section of companies in the energy industry - from those involved in exploration and production to refiners - can use heating oil futures and options contracts to hedge their price risk. Even companies that are substantial consumers of energy products can use heating oil futures to protect against adverse price fluctuations. Options on futures, calendar spread options contracts, crack spread options contracts, and average price options contracts give hedgers tremendous flexibility in managing price risk.

In addition to heating oil futures, NYMEX also lists futures on crude oil, natural gas, and unleaded gasoline. All of these products are available to trade through optionsXpress!

NYMEX Heating Oil Futures Specifications

Heating oil futures, New York Mercantile Exchange, symbol HO. Minimum Tick Size 0.0001 cent per gallon, worth $4.20 per contract.

Electronic trading is conducted from 6:00 PM US until 5:15 PM US EST via the CME Globex® trading platform, Sunday through Friday.

Primary heating oil futures contracts trade every calendar month, from January through December.

Please see the disclosures page for additional information regarding this section.