Heating oil increased 0.31 USD/GAL or 18.36% 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 4.16 in July of 2008 and a record low of 0.29 in February of 1999.

Heating oil is expected to trade at 1.96 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 1.84 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 58.4309 0.26 0.45% 6.53% 4.94% -17.45% Sep/20
Brent 64.4747 0.19 0.30% 7.07% 6.92% -18.18% Sep/20
Natural gas 2.5297 0.00 -0.12% -3.22% 16.58% -15.02% Sep/20
Gasoline 1.6812 0.02 -1.08% 8.25% -0.74% -16.65% Sep/20
Heating oil 1.9969 0.00 -0.24% 6.34% 7.52% -10.29% Sep/20
Ethanol 1.3489 0.03 -1.89% -0.52% -0.08% 7.83% Sep/20
Naphtha 483.76 0.63 0.13% 6.70% 7.57% -27.84% Sep/20
Propane 0.45 0.00 -0.16% 4.96% 14.60% -57.51% Sep/20
Uranium 25.7000 0.00 0.00% 2.59% 1.58% -6.03% Sep/20

Metals Price Day Weekly Monthly Yearly Date
Gold 1,516.16 17.35 1.16% 1.86% 0.94% 26.44% Sep/20
Silver 18.0122 0.21 1.16% 3.37% 5.27% 26.40% Sep/20
Platinum 945.75 8.75 0.93% -0.25% 10.91% 14.43% Sep/20

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 883.0229 10.75 -1.20% -0.20% 2.62% 4.22% Sep/20
Wheat 487.0000 1.00 -0.20% 0.26% 5.30% -6.66% Sep/20
Cotton 59.13 0.14 0.24% -4.06% -1.24% -25.42% Sep/20
Rice 12.3320 0.05 -0.40% 3.02% 13.03% 24.82% Sep/20
Cheese 1.9030 0.00 0.00% -0.26% 3.99% 14.98% Sep/20
Palm Oil 2,409.00 11.00 -0.45% 1.90% 2.60% 13.85% Sep/20
Milk 18.26 0.01 0.05% -0.27% 3.69% 13.14% Sep/20
Rubber 164.00 6.00 -3.53% -1.09% -2.32% 13.10% Sep/20
Orange Juice 100.15 1.50 1.52% -1.77% 2.30% -31.99% Sep/20
Coffee 98.40 0.05 0.05% -1.11% 5.98% -1.50% Sep/20
Lumber 383.80 5.50 1.45% 2.62% 3.98% 12.78% Sep/20
Wool 1,542.00 0.00 0.00% 0.46% 1.92% -25.40% Sep/20
Canola 447.40 3.50 -0.78% -0.53% -1.26% -8.56% Sep/20
Sugar 11.09 0.10 0.91% 1.84% -2.63% 2.31% Sep/20
Tea 3.09 0.00 0.00% -2.83% 12.36% -3.74% Sep/20
Cocoa 2,473.00 5.00 0.20% 7.71% 12.87% 14.12% Sep/20
Oat 276.0493 0.75 -0.27% -4.89% 1.68% 9.11% Sep/20
Corn 370.1357 2.00 -0.54% 4.12% 2.11% 3.61% Sep/20

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 99.7729 0.08 -0.08% 1.73% -2.83% -11.76% Sep/20
Lean Hogs 60.6705 0.75 -1.22% -8.73% -4.15% 0.61% Sep/20
Beef 10.84 0.02 0.18% 0.93% 2.17% 5.76% Sep/20
Poultry 4.52 0.00 0.00% -1.53% -1.74% 3.43% Sep/20
Feeder Cattle 140.6441 0.53 0.38% 3.04% 2.38% -10.39% Sep/20

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.5737 0.02 -0.68% -4.00% -0.30% -9.26% Sep/20
Bitumen 3,312.00 60.00 -1.78% -5.59% -3.72% -10.29% Sep/20
Steel 3,691.00 50.00 -1.34% -2.84% -1.73% -19.27% Sep/20
Cobalt 37,000 0.00 0.00% 1.37% 13.50% -40.56% Sep/20
Coal 70.17 0.03 -0.04% -0.43% 4.42% -37.32% Sep/20
Palladium 1,641.50 18.22 1.12% 2.18% 11.56% 56.48% Sep/20
Lead 2,085.25 0.00 0.00% 0.74% 1.35% 2.42% Sep/20
Aluminum 1,795.00 5.00 -0.28% -0.44% 0.73% -14.16% Sep/20
Tin 16,725.00 250.00 1.52% -2.34% 1.52% -11.97% Sep/20
Zinc 2,305.00 7.00 -0.30% -1.79% 3.55% -7.65% Sep/20
Nickel 17,430.00 0.00 0.00% -3.98% 9.77% 32.38% Sep/20
Molybdenum 27.70 0.00 0.00% 0.00% -1.07% -5.46% Sep/20
Iron Ore 92.00 1.00 -1.08% -2.13% 0.00% 32.37% Sep/20
Soda Ash 1,740.00 0.00 0.00% 0.00% 3.78% -5.07% Sep/20
Neodymium 412,500.00 0.00 0.00% -0.72% 5.36% 1.23% Sep/20
Iron Ore 62% fe 93.3800 0.08 -0.09% -1.47% 1.49% 35.94% Sep/20
Rhodium 5,200.00 300.00 6.12% 10.05% 32.32% 104.32% Sep/20
Lithium 99.51 0.50 0.51% 0.41% 4.33% -22.73% Sep/20
Manganese 37.00 0.00 0.00% 0.00% 0.00% -9.76% Sep/20

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 2,131.00 61.00 -2.78% -7.83% 3.40% 48.61% Sep/20
CRB Index 186.83 0.44 -0.24% 1.49% 3.93% -6.85% Sep/20
LME Index 2,811.60 0.00 0.00% -1.00% 2.29% -7.06% Sep/20
S&P GSCI 2,480.00 0.00 0.00% 3.68% 4.76% -10.96% Sep/20


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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 4.16 0.29 1980 - 2019 USD/GAL Daily