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Heating Oil Price — Chart — Historical Data
4.26
0.0831 (1.99%)
USD/Gal
Front-month futures (continuous series), delayedas of Aug 25, 15:17 UTCSource: Financial Modeling Prep (delayed)
What drives this market
Heating Oil futures, traded on the NYMEX, serve as a benchmark for distillate fuel prices including diesel and jet fuel in addition to home heating oil. Demand is highly seasonal in the Northern Hemisphere, typically peaking during the winter months, and supply is influenced by refinery output, crude oil prices, and global distillate inventories. Geopolitical events that restrict supply from major producing or refining regions can cause sharp price moves. The quoted price is in US dollars per gallon.
Market context
Heating Oil is trading at $4.2693 per gallon, up approximately 2.30% today despite a weekly decline of about 4.11%. The monthly change shows a modest gain of roughly 2.07%, while year-to-date performance reflects a doubling in price at 100.00% and a year-over-year increase of approximately 81.78%.