Heating oil increased 0.38 USD/GAL or 22.70% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Heating oil reached an all time high of 3.32 in April of 2011 and a record low of 0.87 in January of 2016.

Heating oil is expected to trade at 1.94 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.83 in 12 months time.


Heating oil
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Forecast Data Chart
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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 64.0000 0.24 0.38% 0.66% 8.42% -6.41% Apr/18
Brent 71.9700 0.35 0.49% 1.61% 6.45% -2.82% Apr/18
Natural gas 2.4900 0.03 -1.07% -6.53% -13.36% -9.09% Apr/18
Gasoline 2.0722 0.03 1.49% 2.03% 9.46% -1.13% Apr/18
Heating oil 2.0709 0.00 0.08% 0.18% 4.04% -2.45% Apr/18
Ethanol 1.3330 0.00 0.00% 0.23% -5.33% -11.07% Apr/19
Naphtha 558.28 1.32 0.24% -0.60% 4.43% -7.31% Apr/18
Propane 0.63 0.00 -0.16% -4.33% -7.52% -21.40% Apr/18
Uranium 25.9000 0.05 -0.19% 0.19% -4.25% 26.34% Apr/18

Metals Price Day Weekly Monthly Yearly Date
Gold 1,272.95 2.06 -0.16% -1.32% -2.99% -4.63% Apr/19
Silver 14.9300 0.06 -0.40% -0.17% -2.74% -12.74% Apr/19
Platinum 900.50 17.50 1.98% 1.46% 6.44% -3.43% Apr/18
Palladium 1,422.00 20.50 1.46% 4.14% -10.93% 38.66% Apr/18
Rhodium 2,930.00 0.00 0.00% -2.82% -8.86% 38.53% Apr/18
Manganese 38.00 0.00 0.00% -3.80% -3.80% -7.32% Apr/18
Neodymium 337,500.00 5,000.00 -1.46% -8.16% -10.00% -22.41% Apr/18

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 880.7500 1.50 0.17% -1.65% -2.81% -14.41% Apr/19
Wheat 445.5000 2.75 -0.62% -4.36% -4.41% -4.10% Apr/19
Cotton 77.31 0.80 -1.02% 0.43% 2.19% -6.82% Apr/18
Rice 10.4250 0.06 -0.52% -0.33% -4.71% -19.83% Apr/18
Cheese 1.6420 0.00 -0.06% 0.00% 6.90% 4.12% Apr/18
Palm Oil 2,108.00 1.00 0.05% 3.43% 0.62% -12.53% Apr/19
Milk 15.92 0.00 0.00% 0.06% 6.63% 9.72% Apr/18
Orange Juice 107.25 2.40 -2.19% 0.09% -17.02% -25.13% Apr/18
Coffee 90.20 3.15 3.62% -0.06% -3.48% -21.05% Apr/18
Lumber 335.70 3.20 -0.94% -1.35% -12.92% -39.21% Apr/18
Wool 1,943.00 0.00 0.00% 0.21% -1.82% 6.47% Apr/18
Canola 449.10 2.10 -0.47% -1.56% -3.32% -16.02% Apr/18
Sugar 12.76 0.41 3.32% 0.79% -0.16% 8.60% Apr/18
Tea 2.54 0.00 0.00% 0.40% -1.55% -17.53% Apr/18
Cocoa 2,400.00 20.00 0.84% 0.50% 8.99% -12.70% Apr/18
Rubber 184.00 1.10 0.60% -1.29% 4.13% 2.05% Apr/19
Oat 290.0000 7.75 -2.59% 1.65% 6.38% 25.59% Apr/19
Corn 358.5000 0.25 0.07% -0.42% -3.43% -4.78% Apr/18

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 128.5250 1.60 1.26% 1.56% -0.81% 7.69% Apr/18
Lean Hogs 90.2000 1.28 1.43% 0.67% 22.18% 28.95% Apr/18
Poultry 4.67 0.00 0.00% 0.21% 3.32% 57.77% Apr/18
Feeder Cattle 145.6750 5.85 -3.86% 0.17% 2.41% 6.10% Apr/19
Beef 10.91 0.03 0.28% 1.02% 1.11% 14.36% Apr/18

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.9275 0.05 -1.61% 1.44% 0.27% -6.51% Apr/18
Bitumen 3,588.00 86.00 2.46% 1.99% 6.22% 28.23% Apr/19
Steel 4,134.00 32.00 0.78% 0.66% 8.96% 10.80% Apr/19
Cobalt 35,000 0.00 0.00% 6.06% 16.67% -61.64% Apr/18
Coal 87.13 0.75 -0.85% 2.36% -4.54% -6.76% Apr/18
Lead 1,920.50 6.75 -0.35% 0.63% -4.57% -18.51% Apr/18
Aluminum 1,867.00 17.00 0.92% 0.38% -4.06% -24.38% Apr/18
Tin 20,265.00 140.00 -0.69% -1.51% -4.75% -6.72% Apr/18
Zinc 2,767.00 52.50 -1.86% -3.42% -1.81% -14.40% Apr/18
Nickel 12,588.00 225.00 -1.76% -2.36% -3.53% -14.80% Apr/18
Molybdenum 25,000.00 0.00 0.00% 0.00% 0.00% 0.00% Apr/18
Iron Ore 93.50 1.00 -1.06% -1.58% 5.06% 36.50% Apr/18
Iron Ore 62% fe 92.9100 0.05 -0.05% 0.33% 7.68% 41.87% Apr/18
Lithium 114.39 1.40 -1.21% -0.16% 1.77% -11.89% Apr/18
Soda Ash 1,973.33 0.00 0.00% 1.72% 1.20% 2.93% Apr/19

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 790.00 23.00 3.00% 7.63% 9.57% -34.22% Apr/18
CRB Index 195.32 1.21 -0.62% -0.06% 1.23% -5.25% Apr/18
LME Index 3,024.90 0.00 0.00% 0.17% -0.06% -12.50% Apr/18
S&P GSCI 2,623.04 0.00 0.00% -0.88% 3.53% -3.97% Apr/18


Heating oil

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. Options on futures, calendar spread options contracts, crack spread options contracts, and average price options contracts give market participants even greater flexibility in managing price risk.The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to NYMEX Division New York harbor heating oil futures. The Heating Oil market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides - Heating oil - actual values, historical data, forecast, chart, statistics, economic calendar and news. Heating oil - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.07 2.07 3.32 0.87 2010 - 2019 USD/GAL Daily