Heating oil increased 0.29 USD/GAL or 16.98% 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 1.98 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 1.87 in 12 months time.


Heating oil
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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 58.4495 0.64 1.11% -6.87% -10.37% -13.89% May/24
Brent 68.3025 0.68 1.00% -5.41% -8.13% -10.65% May/24
Natural gas 2.5783 0.01 0.19% -2.00% 2.56% -12.27% May/24
Gasoline 1.9264 0.01 0.55% -5.91% -9.65% -11.69% May/24
Heating oil 1.9738 0.01 0.64% -5.81% -5.93% -10.68% May/24
Ethanol 1.3500 0.00 0.00% -1.03% 2.58% -10.06% May/24
Naphtha 544.90 9.01 -1.63% -3.38% -3.58% -18.85% May/23
Propane 0.58 0.01 -1.69% -5.27% -11.03% -37.47% May/23
Uranium 24.3000 0.30 -1.22% -1.42% -5.45% 6.11% May/23

Metals Price Day Weekly Monthly Yearly Date
Gold 1,285.78 0.72 0.06% 0.68% 0.69% -1.18% May/24
Silver 14.5995 0.02 -0.10% 1.46% -2.25% -11.41% May/24
Platinum 802.18 8.68 1.09% -1.39% -9.10% -10.52% May/24

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 820.4111 1.00 -0.12% -0.16% -4.52% -21.23% May/24
Wheat 468.0694 2.25 -0.48% 0.66% 7.66% -13.80% May/24
Cotton 67.40 0.08 -0.12% 2.14% -12.43% -24.45% May/24
Rice 11.5550 0.01 0.04% 4.38% 13.73% -0.09% May/24
Palm Oil 1,969.00 5.00 -0.25% -3.90% -3.95% -19.73% May/24
Cheese 1.6940 0.00 0.24% 0.30% 3.17% 3.48% May/23
Milk 16.38 0.05 0.31% 0.61% 2.95% 7.83% May/23
Orange Juice 99.70 1.50 1.53% -2.73% -0.75% -40.80% May/23
Coffee 93.50 1.75 1.91% 3.89% 3.37% -22.44% May/23
Lumber 323.70 4.70 1.47% -1.34% -1.46% -45.99% May/23
Wool 1,893.00 0.00 0.00% -3.02% -2.57% -4.54% May/23
Sugar 11.57 0.05 -0.43% -1.78% -8.75% -6.54% May/23
Tea 3.33 0.00 0.00% 0.00% 31.10% 33.20% May/23
Cocoa 2,426.00 13.00 0.54% 2.28% 7.35% -5.09% May/23
Rubber 209.00 3.00 1.46% 3.57% 10.47% 14.77% May/24
Canola 442.10 0.30 0.07% -0.25% -0.07% -17.84% May/24
Oat 305.2991 1.00 0.33% 3.84% 1.43% 22.73% May/24
Corn 390.7741 0.75 0.19% 1.96% 12.45% -3.75% May/24

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 110.8000 0.15 0.14% 0.29% -12.60% 5.88% May/23
Lean Hogs 89.4250 0.23 -0.25% -3.04% 0.28% 20.52% May/23
Poultry 4.96 0.00 0.00% 0.20% 4.64% 46.75% May/23
Beef 10.75 0.02 -0.19% -0.37% -1.38% 11.75% May/23
Feeder Cattle 135.6000 0.15 0.11% 1.02% -7.46% -6.43% May/23

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.7114 0.02 0.73% -1.33% -5.77% -11.59% May/24
Bitumen 3,574.00 76.00 -2.08% -1.97% -0.17% 17.33% May/23
Steel 3,961.00 45.00 -1.12% -4.76% -4.99% -1.69% May/23
Cobalt 34,250 0.00 0.00% -0.72% -0.72% -62.26% May/23
Palladium 1,324.30 13.80 1.05% 1.09% -6.38% 35.20% May/24
Coal 82.50 0.90 -1.08% -0.60% -5.82% -20.00% May/23
Lead 1,785.50 0.00 0.00% -0.68% -5.87% -28.24% May/23
Aluminum 1,797.50 18.50 1.04% -3.36% -3.98% -20.57% May/23
Tin 19,325.00 0.00 0.00% -0.77% -1.90% -4.09% May/23
Zinc 2,520.00 22.00 -0.87% -4.44% -8.10% -17.40% May/23
Nickel 11,979.50 0.00 0.00% -1.47% -2.67% -19.29% May/23
Molybdenum 28.50 0.00 0.00% 0.00% -2.56% -5.00% May/23
Iron Ore 105.50 1.50 1.44% 5.50% 10.47% 62.31% May/23
Soda Ash 1,960.00 0.00 0.00% -1.18% -0.68% -5.05% May/23
Neodymium 440,000.00 52,500.00 13.55% 30.37% 30.37% 6.67% May/23
Iron Ore 62% fe 97.3100 0.27 0.28% 1.23% 4.69% 46.64% May/23
Rhodium 2,875.00 0.00 0.00% -1.03% -2.54% 28.35% May/23
Lithium 98.61 2.17 -2.15% -4.37% -11.08% -23.28% May/23
Manganese 37.00 0.00 0.00% -1.33% -2.63% -6.33% May/23

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 1,068.00 9.00 0.85% 3.49% 30.09% -0.84% May/23
CRB Index 185.09 2.73 -1.46% -2.92% -4.95% -11.01% May/23
LME Index 2,785.70 0.00 0.00% -2.77% -6.29% -16.68% May/23
S&P GSCI 2,555.95 0.00 0.00% -0.76% -4.16% -10.04% May/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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.97 1.96 3.32 0.87 2010 - 2019 USD/GAL Daily