Fuel oil (Heating oil)
Fuel oil - a liquid fuel-based oil that is used in furnaces and boilers for space heating. Less commonly used in the oil industry needs or to generate electricity. It is popular in areas where access to natural gas and propane is difficult or impossible. Fuel oil in the United States takes 25% of oil produced by this indicator, it is second only to gasoline.
Fuel oil is not very different from diesel or jet fuel, all of them belong to a class of spirits. Nevertheless, it plays a significant role in the global oil industry. Futures on oil is one of the most actively traded on the American Stock Exchange NYMEX, determined at the auction price of this energy source is a reference to the world. The size of the futures contract is 1,000 barrels (42,000 gallons), the supply is made in New York Harbor, the largest spot market in this group of products.
Specification for fuel oil futures
| The Exchange: | NYMEX |
| Ticker: | HO (ticker current contract BH) |
| The size of the contract: | 42,000 gallons (1,000 barrels) |
| Exchange quotation: | Dollars and cents per gallon |
| Trading Hours (New York Time): |
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| Traded months: | All months of the year and the next 12 years |
| The minimum price change: | $ 0.001 (0.1 cents) per mmBtu ($ 10.00 per contract) |
| Last trading day: | The third working day from the end of the delivery month |
| Type of contract: | Deliverable (there is also a settlement) |
