Heating Oil Futures – NY Harbor

Heating oil price for the NY Harbor benchmark, traded on NYMEX in the United States.

NY Harbor heating oil is the leading U.S. benchmark for distillate fuel prices and is widely used as a reference for energy markets and heating oil futures traded on NYMEX.

Current value
USD / gallon
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Last updated
Ticker
HO=F
Exchange
NYMEX
Benchmark
NY Harbor
Currency
USD
Unit
USD / gallon

Price history

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Historical performance

Period Performance
Today
1 month
1 year
5 years

Calculated live from Yahoo Finance closing prices (unofficial public proxy) — may be temporarily unavailable or delayed.

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Key facts

Quotation unitUS dollars per gallon (42,000-gallon contract)
Product typeRefined product from crude oil, close to diesel
SeasonalitySharp rise in demand in winter (residential heating, US Northeast)
CorrelationLargely tracks the movements of crude oil prices
Main usesResidential heating, industrial fuel
MarketTraded continuously on the NYMEX (New York)
Standard contract: 42,000 US gallons (about 159,000 liters) Heating oil remains one of the main heating sources in the US Northeast Its price closely tracks crude oil, from which it is directly refined

What is the price of heating oil?

The price quoted here corresponds to the futures contract traded on the NYMEX in New York, a refined product from crude oil close to diesel, expressed in dollars per gallon. It is the most widely followed benchmark for heating oil in North America.

How do I invest in heating oil?

Individual investors most often gain exposure through an ETF or ETC tracking its price, through CFDs or futures for experienced traders (leveraged, higher-risk products), or indirectly by buying shares of oil and refining companies.

Why is the price of heating oil so seasonal?

Demand for heating oil surges every winter in the US Northeast, where it remains an important residential heating source, creating a recurring seasonal spike in consumption. Its price also closely tracks crude oil, from which it is directly refined.

Price and chart data fetched live from Yahoo Finance via an unofficial public proxy: it may be delayed, temporarily unavailable or inaccurate. Nothing on this page constitutes investment advice.