Propane Prices » New York Harbor heating oil futures http://integrityenergy.com Propane Prices and everything Propane Fri, 03 Feb 2012 01:07:10 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Heating Oil Prices http://integrityenergy.com/heating-oil-prices-html/ http://integrityenergy.com/heating-oil-prices-html/#comments Sun, 22 Nov 2009 03:27:03 +0000 admin http://integrityenergy.com/?p=118 Heating oil accounts for about 25% of the yield of a barrel of crude oil, the second largest cut after gasoline (petrol). The heating oil futures contract trades in units of 42,000 U.S. gallons (1,000 barrels) and (for the USA) is based on delivery in the New York harbor. 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.

source: NYMEX Inc

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