Heating oil futures traded near $2.1 a gallon, not far from a two-and-a-half-year high of $2.2 reached earlier in the month, as investors tried to focus on global growth prospects despite rising COVID-19 cases across the globe. Meanwhile, the EIA Petroleum Status Report showed US heating oil inventories rose by 0.587 million barrels in the July 16th week; while distillate stockpiles, which include diesel and heating oil, decreased by 1.349 million barrels in the July 16th week, following a 3.657 million rise in the previous period and compared with market consensus of a 0.557 million advance.

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 July of 2021.

Heating oil is expected to trade at 2.24 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 2.60 in 12 months time.

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Heating oil


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
72.0400 0.39 0.54% 2.48% -1.29% 48.47% Jul/28
Brent
USD/Bbl
74.8000 0.32 0.43% 3.56% 0.70% 44.40% Jul/28
Natural gas
USD/MMBtu
3.9440 0.03 -0.68% -0.38% 8.65% 55.34% Jul/28
Gasoline
USD/Gal
2.3251 0.01 0.48% 4.89% 3.73% 64.89% Jul/28
Heating oil
USD/Gal
2.1514 0.01 0.35% 3.09% 1.27% 44.97% Jul/28
Ethanol
USD/Gal
2.3200 0.00 0.00% 0.00% -6.45% 61.90% Jul/27
Naphtha
USD/T
672.28 0.33 -0.05% 2.47% 6.21% 55.37% Jul/27
Propane
USD/Gal
1.09 0.00 -0.11% 1.23% 12.71% 68.94% Jul/27
Uranium
USD/Lbs
32.4000 0.05 -0.15% 0.15% 0.47% 5.54% Jul/27
Methanol
CNY
2,596.00 17.00 -0.65% -2.37% 2.20% 7.45% Jul/28

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,804.65 5.92 0.33% 0.07% 2.47% -4.84% Jul/28
Silver
USD/t.oz
24.815 0.14 0.57% -1.64% -3.61% -5.86% Jul/28
Platinum
USD/t.oz
1,057.84 7.18 0.68% -2.05% -0.86% -0.76% Jul/28

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,422.7500 4.50 0.32% -1.15% 4.63% 8.88% Jul/28
Wheat
USd/Bu
681.5000 7.00 1.04% -4.12% 6.53% 6.40% Jul/28
Lumber
USD/1000 board feet
582.00 42.00 -6.73% 7.38% -27.25% -33.34% Jul/27
Palm Oil
MYR/T
4,413.00 9.00 -0.20% 6.36% 24.20% 22.58% Jul/28
Cheese
USD/Lbs
1.6030 0.00 0.00% -0.74% -2.55% -2.61% Jul/27
Milk
USD/CWT
16.53 0.01 -0.06% -0.78% -3.90% 4.62% Jul/28
Rubber
JPY/Kg
210.20 0.80 -0.38% 0.00% -11.01% -21.80% Jul/28
Orange Juice
USd/Lbs
142.50 5.60 4.09% 7.26% 22.16% 15.62% Jul/27
Coffee
USd/Lbs
205.00 2.80 -1.35% 23.75% 26.35% 59.84% Jul/27
Cotton
USd/Lbs
91.49 0.75 0.83% 2.89% 5.78% 17.11% Jul/28
Cocoa
USD/T
2,385.00 7.00 -0.29% 5.67% 1.45% -8.38% Jul/27
Rice
USD/cwt
13.4850 0.01 0.04% 1.31% 1.77% 10.17% Jul/28
Canola
CAD/T
889.40 5.00 -0.56% 1.08% 9.87% 41.29% Jul/28
Oat
USd/Bu
464.7500 1.00 -0.21% 2.20% 23.19% 28.83% Jul/28
Wool
AUD/100Kg
1,428.00 0.00 0.00% 0.00% -2.72% 21.95% Jul/27
Sugar
USd/Lbs
18.35 0.07 -0.38% 5.40% 6.50% 18.46% Jul/27
Tea
USD/Kgs
3.34 0.00 0.00% 0.00% 25.56% 16.38% Jul/27
Corn
USd/BU
549.0000 0.50 0.09% -3.98% -20.95% 13.43% Jul/28

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.15 0.20 -0.98% -0.84% -1.23% 11.08% Jul/27
Feeder Cattle
USd/Lbs
160.6750 1.53 -0.94% 3.31% 2.77% 15.64% Jul/27
Live Cattle
USd/Lbs
122.7500 0.70 -0.57% 2.48% 0.95% 6.72% Jul/27
Lean Hogs
USd/Lbs
107.4750 0.08 0.07% 2.36% 2.41% 52.93% Jul/27
Poultry
BRL/Kgs
7.69 0.01 0.13% 0.13% 3.64% 27.95% Jul/27

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.5580 0.01 0.26% 6.43% 6.58% 29.53% Jul/28
Coal
USD/T
148.10 0.72 0.49% -0.56% 19.34% 82.34% Jul/27
Steel
CNY/T
5,608.00 25.00 -0.44% 1.76% 14.12% 32.89% Jul/28
Iron Ore
USD/T
202.50 2.00 -0.98% -8.37% -8.16% 27.76% Jul/27
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% 0.00% 91.40% Jul/28
Bitumen
CNY/T
3,138.00 52.00 1.69% 0.32% -8.62% 31.74% Jul/27
Cobalt
USD/T
52,500.00 0.00 0.00% 0.00% 15.25% 63.09% Jul/27
Lead
USD/T
2,365.25 46.00 -1.91% 1.03% 5.12% 19.71% Jul/27
Aluminum
USD/T
2,486.25 0.25 -0.01% 1.62% -1.80% 25.52% Jul/28
Tin
USD/T
34,515.00 237.50 0.69% 3.01% 10.61% 69.90% Jul/28
Zinc
USD/T
2,970.25 0.50 0.02% 0.26% 1.77% 7.97% Jul/28
Nickel
USD/T
19,345.50 361.50 -1.83% 3.63% 5.83% 16.87% Jul/27
Molybdenum
USD/Kg
42.75 0.00 0.00% 0.00% -15.35% 81.91% Jul/27
Palladium
USD/t.oz
2,622.70 15.00 0.58% -1.19% -2.05% 7.15% Jul/28
Rhodium
USD/t oz.
18,400.00 0.00 0.00% -1.60% -4.42% 8.24% Jul/27
Gallium
CNY/Kg
2,025.00 0.00 0.00% -2.41% -4.71% 16.38% Jul/27
Germanium
CNY/Kg
7,800.00 0.00 0.00% 1.30% 1.96% 9.86% Jul/27
Manganese
CNY/T
32.75 0.00 0.00% 0.00% 1.55% 4.80% Jul/27
Indium
CNY/Kg
1,115.00 0.00 0.00% 0.00% -0.89% -6.30% Jul/27
Soda Ash
CNY/T
2,075.00 85.00 4.27% 6.96% 12.41% 54.85% Jul/27
Neodymium
CNY/T
752,500.00 32,500.00 4.51% 3.79% 29.18% 20.88% Jul/27
Tellurium
CNY/Kg
562.50 2.50 -0.44% -1.32% -3.43% 20.97% Jul/27
Iron Ore 62% fe
USD/T
214.99 0.17 -0.08% -1.99% -0.13% 37.96% Jul/27

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
231.81 1.49 -0.64% 4.37% 3.40% 30.01% Jul/27
LME Index
Index Points
4,278.90 36.50 -0.85% 3.27% 3.52% 25.32% Jul/27
S&P GSCI
Index Points
2,598.66 11.73 -0.45% 3.96% 1.38% 31.45% Jul/27
Nuclear Energy Index
USD
1,331.55 0.45 0.03% 0.99% -0.40% 5.98% Jul/28
Solar Energy Index
USD
403.88 11.74 -2.82% -2.27% -7.54% -13.47% Jul/27
EU Carbon Permits
EUR
53.10 0.10 -0.19% 3.69% -4.32% 62.29% Jul/27
Wind Energy Index
USD
345.63 0.00 0.00% 1.76% -3.16% -9.08% Jul/28