Name: Heating oil
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Commodity,Commodity,data,chart,actual,historical,values,calendar,forecast,graph,2020,2021,2022

Heating oil futures extended gains towards $2.2 per gallon, touching a 3-year high for the first time since July, amid tightening supplies ahead of the fall/winter season and concerns over extreme weather in the Mexican Gulf. Data from the API showed US distillate fuel inventories, which include diesel and heating oil, shrank by 2.9 million barrels in the week ending September 10th. Additionally, offshore platforms continued to struggle with supplying crude to the US mainland due to the passage of Hurricane Ida, while traders also looked to the gradual growth of another extreme weather event in the Gulf, namely tropical storm Nicholas.

Historically, Heating oil reached an all time high of 4.16 in July of 2008. Heating oil - data, forecasts, historical chart - was last updated on September of 2021.

Heating oil is expected to trade at 2.09 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 1.94 in 12 months time.

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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. 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.

Energy	Price	Day	%	Weekly	Monthly	YTD	Date
Crude Oil USD/Bbl	72.6200	0.0200	0.03%	6.57%	9.06%	49.67%	Sep/16
Brent USD/Bbl	75.5200	0.0600	0.08%	5.70%	9.40%	45.79%	Sep/16
Natural gas USD/MMBtu	5.3600	0.1000	-1.83%	6.54%	39.69%	111.11%	Sep/16
Gasoline USD/Gal	2.2112	0.0046	0.21%	5.31%	2.11%	56.81%	Sep/16
Heating oil USD/Gal	2.2036	0.0017	-0.08%	4.25%	8.23%	48.49%	Sep/16
Ethanol USD/Gal	2.2070	0.0000	0.00%	0.00%	-0.59%	54.01%	Sep/15
Naphtha USD/T	675.53	10.7740	1.62%	3.13%	4.33%	56.12%	Sep/15
Propane USD/Gal	1.26	0.0302	2.46%	5.99%	12.13%	95.23%	Sep/15
Uranium USD/Lbs	48.5500	3.6500	8.13%	20.62%	60.23%	58.14%	Sep/15
Methanol CNY	3,014.00	95.0000	3.25%	2.97%	12.42%	24.75%	Sep/16

Metals	Price	Day	%	Weekly	Monthly	YTD	Date
Gold USD/t.oz	1,778.20	14.3900	-0.80%	-0.92%	-0.43%	-6.24%	Sep/16
Silver USD/t.oz	23.510	0.3095	-1.30%	-2.33%	-0.53%	-10.81%	Sep/16
Platinum USD/t.oz	937.27	9.7344	-1.03%	-4.07%	-6.01%	-12.07%	Sep/16

Agricultural	Price	Day	%	Weekly	Monthly	YTD	Date
Soybeans USd/Bu	1,300.2500	5.7500	0.44%	3.30%	-5.02%	-0.50%	Sep/16
Wheat USd/Bu	710.0000	2.2500	-0.32%	4.41%	-3.34%	10.85%	Sep/16
Lumber USD/1000 board feet	454.40	16.6000	-3.52%	-8.66%	-3.50%	-47.96%	Sep/15
Palm Oil MYR/T	4,438.00	98.0000	2.26%	-0.89%	-0.20%	23.28%	Sep/15
Cheese USD/Lbs	1.6490	0.0020	-0.12%	-0.54%	3.52%	0.18%	Sep/15
Milk USD/CWT	16.58	0.0100	-0.06%	-0.72%	2.66%	4.94%	Sep/15
Rubber JPY/Kg	194.00	1.9000	0.99%	4.81%	-9.35%	-27.83%	Sep/16
Orange Juice USd/Lbs	144.90	3.2500	2.29%	0.63%	10.32%	17.57%	Sep/15
Coffee USd/Lbs	188.00	3.6500	1.98%	0.13%	2.62%	46.59%	Sep/15
Cotton USd/Lbs	95.00	0.3300	0.35%	0.47%	-0.73%	21.61%	Sep/16
Cocoa USD/T	2,663.00	40.0000	-1.48%	-1.84%	2.15%	2.31%	Sep/16
Rice USD/cwt	13.7800	0.0100	-0.07%	5.35%	2.34%	12.58%	Sep/16
Canola CAD/T	880.40	0.6000	0.07%	3.25%	-4.13%	39.86%	Sep/16
Oat USd/Bu	553.2500	18.0000	3.34%	14.37%	9.01%	53.36%	Sep/16
Wool AUD/100Kg	1,352.00	7.0000	0.52%	-0.66%	-1.46%	15.46%	Sep/15
Sugar USd/Lbs	19.61	0.0900	0.46%	1.92%	-2.05%	26.60%	Sep/16
Tea USD/Kgs	3.28	0.0000	0.00%	2.82%	14.69%	14.29%	Sep/15
Corn USd/BU	535.2500	2.0000	0.37%	7.91%	-4.12%	10.59%	Sep/16

Livestock	Price	Day	%	Weekly	Monthly	YTD	Date
Beef BRL/Kg	20.45	0.1500	-0.73%	1.59%	1.24%	12.73%	Sep/15
Feeder Cattle USd/Lbs	155.5000	0.2250	0.14%	-0.35%	-1.08%	11.91%	Sep/15
Live Cattle USd/Lbs	124.0250	0.1000	-0.08%	0.75%	0.40%	7.82%	Sep/15
Lean Hogs USd/Lbs	82.0250	1.6500	2.05%	-6.12%	-7.84%	16.72%	Sep/15
Poultry BRL/Kgs	8.57	0.1200	1.42%	2.15%	2.51%	42.60%	Sep/15

Industrial	Price	Day	%	Weekly	Monthly	YTD	Date
Copper USD/Lbs	4.3190	0.0845	-1.92%	0.83%	2.83%	22.73%	Sep/16
Coal USD/T	177.50	0.0500	0.03%	0.08%	2.36%	120.50%	Sep/15
Steel CNY/T	5,565.00	99.0000	1.81%	-0.18%	6.53%	31.87%	Sep/16
Iron Ore USD/T	117.50	5.5000	-4.47%	-11.32%	-26.79%	-25.87%	Sep/15
Lithium CNY/T	92,500.00	0.0000	0.00%	0.00%	0.00%	98.92%	Sep/16
Bitumen CNY/T	3,072.00	42.0000	1.39%	1.52%	-1.60%	28.97%	Sep/16
Cobalt USD/T	51,500.00	0.0000	0.00%	1.30%	-1.90%	59.99%	Sep/15
Lead USD/T	2,237.75	37.2500	-1.64%	-3.88%	-7.99%	13.26%	Sep/15
Aluminum USD/T	2,882.00	11.5000	-0.40%	1.64%	11.09%	45.50%	Sep/16
Tin USD/T	33,930.00	50.0000	-0.15%	2.23%	-4.99%	67.02%	Sep/16
Zinc USD/T	3,073.00	2.0000	-0.07%	-0.03%	2.40%	11.70%	Sep/16
Nickel USD/T	20,032.00	393.5000	2.00%	1.57%	2.74%	21.01%	Sep/15
Molybdenum USD/Kg	46.25	0.0000	0.00%	8.95%	8.95%	96.81%	Sep/15
Palladium USD/t.oz	2,031.54	28.6614	1.43%	-6.76%	-18.37%	-17.00%	Sep/16
Rhodium USD/t oz.	11,800.00	2,200.0000	-15.71%	-30.59%	-37.89%	-30.59%	Sep/15
Gallium CNY/Kg	1,925.00	0.0000	0.00%	0.00%	0.26%	10.63%	Sep/15
Germanium CNY/Kg	8,650.00	0.0000	0.00%	0.00%	2.37%	21.83%	Sep/15
Manganese CNY/T	34.50	0.0000	0.00%	0.00%	5.34%	10.40%	Sep/15
Indium CNY/Kg	1,700.00	0.0000	0.00%	-5.56%	28.30%	42.86%	Sep/15
Soda Ash CNY/T	2,375.00	0.0000	0.00%	1.60%	8.57%	77.24%	Sep/16
Neodymium CNY/T	765,000.00	0.0000	0.00%	0.00%	-1.92%	22.89%	Sep/15
Tellurium CNY/Kg	527.50	0.0000	0.00%	0.00%	-3.65%	13.44%	Sep/15
Iron Ore 62% fe USD/T	124.16	3.9500	-3.08%	-8.41%	-25.63%	-20.33%	Sep/15

Index	Price	Day	%	Weekly	Monthly	YTD	Date
CRB Index Index Points	239.63	4.1800	1.78%	2.81%	4.41%	34.40%	Sep/15
LME Index Index Points	4,310.70	0.0000	0.00%	1.60%	1.43%	26.25%	Sep/15
S&P GSCI Index Points	2,671.24	54.3760	2.08%	3.27%	4.98%	35.12%	Sep/15
Nuclear Energy Index USD	1,416.06	0.1600	0.01%	0.73%	5.69%	12.71%	Sep/16
Solar Energy Index USD	419.18	7.4400	-1.74%	-2.41%	7.15%	-10.19%	Sep/16
EU Carbon Permits EUR	59.84	0.0200	-0.03%	-4.64%	4.56%	82.89%	Sep/16
Wind Energy Index USD	355.27	2.1893	-0.61%	-2.70%	0.75%	-6.54%	Sep/16

	Actual	Chg	%Chg
EURUSD	1.17683	0.0051	-0.43%
GBPUSD	1.38148	0.0032	-0.23%
AUDUSD	0.73149	0.0024	-0.33%
BTCUSD	47,982.03	169	-0.35%
NZDUSD	0.71119	0.0016	-0.22%
USDJPY	109.41	0.0900	0.08%
USDCNY	6.44344	0.0165	0.26%
USDCHF	0.92379	0.0042	0.45%
USDCAD	1.26393	0.0015	0.12%
USDMXN	19.8832	0.0270	0.14%
USDINR	73.5170	0.0770	0.10%
USDBRL	5.2219	0.0179	-0.34%
USDRUB	72.4383	0.2708	0.38%
DXY	92.772	0.2235	0.24%
More

	Actual	Chg	%Chg
US30	34,793	22	-0.06%
US500	4,476.52	4	-0.09%
USNDX	15,475	29	-0.18%
JP225	30,322	190	-0.62%
GB100	7,053	37	0.53%
DE30	15,697	81	0.52%
FR40	6,657	73	1.11%
IT40	26,054	292	1.13%
ES35	8,698	63	0.73%
AU200	7,454	37	0.50%
SHANGHAI	3,609	47	-1.29%
SENSEX	59,098	374	0.64%
MOEX	4,053	13	-0.31%
CATSX	20,699	146	0.71%
More

	Actual	Chg	%Chg
Apple	148.89	0.77	0.52%
Tesla	756.17	11.68	1.57%
Microsoft	304.82	5.03	1.68%
Amazon	3,475.07	25.07	0.73%
Facebook	373.92	2.61	-0.69%
Alibaba	157.78	2.37	-1.48%
Visa	223.78	0.75	0.34%
JPMorgan Chase	158.22	1.15	0.73%
Intel	55.09	0.57	1.05%
Johnson & Johnson	165.38	0.58	0.35%
Procter & Gamble	145.17	0.26	-0.18%
Exxon Mobil	56.43	1.85	3.39%
3M	184.19	1.77	0.97%
Goldman Sachs	402.01	1.68	-0.42%
More

	Actual	Chg	%Chg
US	1.3141	0.010	0.01%
UK	0.7970	0.018	0.02%
Japan	0.0440	0.009	0.01%
Australia	1.2760	0.066	0.07%
Germany	-0.3060	0.002	0.00%
Brazil	11.1000	0.110	0.11%
Russia	7.0400	0.020	-0.02%
India	6.1680	0.005	0.01%
Canada	1.2190	0.047	0.05%
Italy	0.6992	0.001	0.00%
France	0.0310	0.007	0.01%
South Africa	8.9050	0.030	-0.03%
Norway	1.4080	0.056	0.06%
Belgium	0.0130	0.080	0.08%
More

HISTORICAL DATA	INDICATORS
ECONOMIC CALENDAR	FOREX
LIVE QUOTES	STOCKS
FORECASTS	COMMODITIES
RATINGS	BONDS

	Actual	Chg	%Chg
Crude Oil	72.5100	0.10	-0.14%
Brent	75.3900	0.07	-0.09%
Natural gas	5.3520	0.11	-1.98%
Gasoline	2.2083	0.00	0.08%
Heating oil	2.2017	0.00	-0.16%
Gold	1,778.20	14.39	-0.80%
Silver	23.510	0.31	-1.30%
Copper	4.3210	0.08	-1.87%
Soybeans	1,300.2500	5.75	0.44%
Wheat	710.0000	2.25	-0.32%
Coal	177.50	0.05	0.03%
Steel	5,565.00	99.00	1.81%
Iron Ore	117.50	5.50	-4.47%
Lumber	454.40	16.60	-3.52%
More

Heating oil1980-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical

Historically, Heating oil reached an all time high of 4.16 in July of 2008. Heating oil - data, forecasts, historical chart - was last updated on September of 2021.

Heating oil is expected to trade at 2.09 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 1.94 in 12 months time.