Heating oil decreased 0.01 USD/GAL or 0.44% to 1.88 on Thursday January 24 from 1.89 in the previous trading session. 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 1.64 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 1.54 in 12 months time.


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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 52.2135 0.34 -0.65% 0.28% 12.97% -20.30% Jan/24
Brent 60.8748 0.38 -0.62% -0.50% 11.76% -13.55% Jan/24
Natural gas 3.0352 0.05 1.64% -11.07% -14.33% -11.95% Jan/24
Gasoline 1.3829 0.01 -0.40% -3.30% 3.94% -27.80% Jan/24
Heating oil 1.8821 0.01 -0.47% -0.12% 8.57% -11.03% Jan/24
Ethanol 1.2700 0.00 0.00% 0.63% 2.42% -6.48% Jan/24
Naphtha 455.58 2.61 -0.57% -1.58% -1.07% -23.36% Jan/23
Propane 0.67 0.00 -0.33% -0.42% -2.10% -25.79% Jan/23
Uranium 28.9000 0.00 0.00% 0.00% 1.05% 25.65% Jan/23

Metals Price Day Weekly Monthly Yearly Date
Gold 1,283.97 1.23 0.10% -0.58% 1.35% -4.73% Jan/24
Silver 15.3734 0.00 0.02% -0.94% 2.27% -11.12% Jan/24
Platinum 795.00 1.00 0.13% -1.24% 0.05% -21.33% Jan/24
Palladium 1,351.00 4.00 0.30% -3.22% 8.60% 23.29% Jan/24
Manganese 39.50 0.00 0.00% 0.00% -5.95% 1.28% Jan/23
Neodymium 398,000.00 0.00 0.00% -0.38% -1.12% -10.56% Jan/23
Rhodium 2,485.00 5.00 0.20% 1.02% 0.20% 47.04% Jan/23

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 914.2785 0.25 -0.03% 0.72% 5.09% -7.86% Jan/24
Wheat 528.4112 2.25 0.43% 2.06% 3.61% 21.61% Jan/24
Cotton 73.54 0.02 0.03% -1.12% 0.05% -10.19% Jan/24
Rice 10.7299 0.04 -0.33% 2.19% 4.07% -11.29% Jan/24
Cheese 1.3870 0.00 0.00% -0.07% 0.58% -7.96% Jan/23
Palm Oil 2,191.00 28.00 1.29% 4.83% 6.62% -12.78% Jan/23
Milk 13.98 0.01 -0.07% -0.57% 1.08% 0.43% Jan/23
Orange Juice 117.90 1.30 -1.09% -2.48% -8.36% -21.22% Jan/23
Coffee 103.40 0.05 0.05% 0.98% 1.17% -15.59% Jan/23
Lumber 366.10 2.70 0.74% 1.27% 9.19% -23.41% Jan/23
Wool 1,923.00 0.00 0.00% 0.63% 3.28% 10.26% Jan/23
Sugar 12.97 0.04 0.31% -1.52% 4.60% -2.04% Jan/23
Tea 3.17 0.06 1.93% 7.09% 2.26% -2.76% Jan/23
Canola 485.10 0.80 -0.16% 0.39% 2.39% -2.20% Jan/24
Rubber 191.00 11.00 -5.45% 0.53% 11.70% -2.10% Jan/24
Oat 294.0702 0.75 -0.25% -0.57% 6.74% 12.67% Jan/24
Cocoa 2,245.00 1.00 -0.04% -3.32% -3.02% 14.83% Jan/23
Corn 378.8041 0.25 0.07% -0.31% 1.49% 6.63% Jan/24

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 125.5500 0.43 0.34% -1.78% 3.87% 2.51% Jan/23
Lean Hogs 60.7750 0.70 -1.14% 1.21% 0.79% -16.14% Jan/23
Poultry 4.22 0.02 -0.47% -6.64% -7.05% 21.61% Jan/23
Beef 10.28 0.09 -0.87% -2.93% -4.55% 3.21% Jan/23
Feeder Cattle 143.0250 1.98 1.40% -0.52% -2.95% -3.26% Jan/23

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.6913 0.01 -0.28% -0.32% -0.63% -15.95% Jan/24
Bitumen 3,010.00 2.00 -0.07% 4.01% 12.82% 11.40% Jan/23
Steel 3,693.00 10.00 0.27% 2.50% -3.05% -5.98% Jan/23
Cobalt 38,000 0.00 0.00% -15.56% -30.91% -52.35% Jan/23
Lead 2,012.75 0.00 0.00% 3.13% 1.50% -22.56% Jan/23
Nickel 11,516.50 0.00 0.00% -1.24% 6.62% -15.71% Jan/23
Molybdenum 25,000.00 0.00 0.00% 0.00% 0.00% 58.73% Jan/23
Iron Ore 74.80 0.00 0.00% 1.08% 5.35% 0.40% Jan/23
Coal 100.02 0.57 0.57% -1.21% -2.09% -6.35% Jan/23
Aluminum 1,883.00 31.00 1.67% 2.06% -0.53% -16.31% Jan/22
Tin 20,425.00 225.00 -1.09% -1.19% 5.42% -3.15% Jan/22
Zinc 2,576.00 12.00 -0.46% 4.89% 4.12% -25.12% Jan/22
Soda Ash 2,080.00 0.00 0.00% -0.80% -2.04% 14.65% Jan/23
Iron Ore 62% fe 74.5800 0.03 0.04% 0.20% 8.42% -2.14% Jan/23
Lithium 109.35 0.87 -0.79% -1.50% 6.45% -26.27% Jan/23

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 982.00 54.00 -5.21% -10.40% -22.74% -19.31% Jan/23
CRB Index 185.42 0.33 -0.18% -0.50% 6.33% -8.54% Jan/23
LME Index 2,843.50 0.00 0.00% 1.16% 1.00% -17.22% Jan/23
S&P GSCI 2,392.49 0.00 0.00% 0.59% 10.71% -10.34% Jan/23


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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.88 1.89 3.32 0.87 2010 - 2019 USD/GAL Daily