Heating oil decreased 0.02 USD/GAL or 1.07% to 1.97 on Friday March 22 from 1.99 in the previous trading session. 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 1.99 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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Forecast Data Chart
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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 59.0400 0.94 -1.57% 0.89% 2.84% -11.30% Mar/22
Brent 67.0300 0.83 -1.22% -0.19% -0.37% -5.70% Mar/22
Natural gas 2.7530 0.07 -2.41% -1.50% -2.93% 5.16% Mar/22
Gasoline 1.9259 0.01 0.29% 3.67% 24.64% -4.20% Mar/22
Heating oil 1.9659 0.02 -1.07% -0.09% -0.44% -2.44% Mar/22
Ethanol 1.4190 0.00 0.00% 2.68% 5.42% -0.77% Mar/23
Naphtha 533.34 1.45 -0.27% 0.21% 7.18% -6.68% Mar/22
Propane 0.67 0.00 -0.40% -2.40% -0.67% -15.74% Mar/22
Uranium 26.0000 0.05 -0.19% -4.59% -7.14% 20.09% Mar/22

Metals Price Day Weekly Monthly Yearly Date
Gold 1,313.13 3.93 0.30% 0.92% -1.05% -2.50% Mar/22
Silver 15.4148 0.05 -0.32% 0.90% -2.98% -7.45% Mar/22
Platinum 844.00 14.50 -1.69% 1.93% -0.59% -10.88% Mar/22
Palladium 1,564.00 44.50 -2.77% 0.26% 1.49% 60.16% Mar/22
Manganese 39.50 0.00 0.00% 0.00% 0.00% -3.66% Mar/22
Neodymium 375,000.00 0.00 0.00% -1.32% -5.78% -16.67% Mar/22
Rhodium 3,280.00 0.00 0.00% 3.80% 20.37% 64.41% Mar/22

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 903.7500 6.75 -0.74% -0.60% -0.88% -11.87% Mar/22
Wheat 466.0000 0.50 -0.11% 0.81% -0.16% 2.59% Mar/22
Cotton 76.58 0.60 -0.78% 1.43% 6.46% -6.42% Mar/22
Rice 11.2100 0.13 1.13% 4.52% 10.99% -9.91% Mar/22
Cheese 1.5400 0.00 0.00% 0.46% 10.32% -0.84% Mar/22
Palm Oil 2,090.00 0.00 0.00% 7.18% 3.47% -13.64% Mar/22
Milk 15.03 0.00 0.00% 0.60% 7.74% 5.77% Mar/22
Rubber 182.70 6.00 3.40% 3.81% -5.78% 9.40% Mar/22
Orange Juice 129.85 2.35 1.84% 2.73% 9.62% -5.84% Mar/22
Coffee 93.90 0.90 -0.95% -0.74% -2.59% -20.52% Mar/22
Lumber 368.30 10.10 -2.67% -8.04% -6.97% -25.91% Mar/22
Oat 278.5000 2.25 -0.80% 0.54% 3.53% 22.96% Mar/22
Wool 1,978.00 0.00 0.00% -0.05% -2.42% 11.25% Mar/22
Cocoa 2,159.00 27.00 1.27% -1.73% -3.92% -17.44% Mar/22
Canola 453.90 14.30 -3.05% -2.35% -3.59% -12.81% Mar/22
Sugar 12.57 0.07 0.56% 0.40% -4.05% 0.00% Mar/22
Tea 2.27 0.00 0.00% -12.02% -20.63% -29.72% Mar/22
Corn 378.2500 2.00 0.53% 1.34% 2.09% 1.14% Mar/22

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 129.7250 0.18 -0.13% 0.48% 0.91% 12.63% Mar/22
Lean Hogs 78.3250 0.00 0.00% 13.84% 45.32% 34.98% Mar/22
Poultry 4.57 0.00 0.00% -0.44% 5.30% 45.54% Mar/22
Beef 10.67 0.01 0.09% -1.02% 2.50% 13.03% Mar/22
Feeder Cattle 143.0000 0.23 0.16% 1.19% 0.35% 5.98% Mar/22

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.8360 0.06 -2.21% -2.32% -3.86% -4.21% Mar/22
Steel 3,781.00 9.00 -0.24% -1.66% 1.59% 9.06% Mar/22
Bitumen 3,228.00 120.00 -3.58% -16.20% -1.28% 17.13% Mar/22
Coal 88.22 0.56 -0.63% -3.32% -5.95% -2.43% Mar/22
Cobalt 30,000 0.00 0.00% 0.00% -6.25% -68.25% Mar/22
Lead 2,009.50 11.25 -0.56% -1.74% -3.10% -15.89% Mar/22
Aluminum 1,903.00 3.50 0.18% 0.32% -0.16% -7.26% Mar/22
Tin 21,425.00 50.00 0.23% 1.66% -1.45% 2.71% Mar/22
Zinc 2,815.00 20.00 -0.71% 0.90% 3.53% -13.66% Mar/22
Nickel 12,903.00 8.00 -0.06% 0.46% 0.05% 0.00% Mar/22
Molybdenum 25,000.00 0.00 0.00% 0.00% 0.00% 11.11% Mar/22
Iron Ore 87.00 0.00 0.00% -0.57% -0.57% 28.89% Mar/22
Soda Ash 1,946.67 0.00 0.00% -0.17% -2.18% 12.90% Mar/22
Iron Ore 62% fe 85.8900 0.24 0.28% -0.27% -2.33% 21.81% Mar/22
Lithium 111.07 2.05 -1.81% -1.38% -6.88% -13.85% Mar/22

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 690.00 5.00 -0.72% -5.48% 8.32% -38.50% Mar/22
CRB Index 191.87 0.39 0.20% 0.20% 1.49% -3.89% Mar/22
LME Index 3,027.30 0.00 0.00% 0.24% -0.34% -4.91% Mar/22
S&P GSCI 2,532.32 24.54 -0.96% 0.44% 3.00% -3.16% Mar/22


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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.97 1.99 3.32 0.87 2010 - 2019 USD/GAL Daily