Heating oil futures
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 at the New York Mercantile Exchange 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.
In addition to heating oil futures, NYMEX also lists futures on crude oil, natural gas, and unleaded gasoline. All of these products are available to trade through Schwab Futures.
Heating oil futures, New York Mercantile Exchange, symbol HO. Minimum Tick Size 0.0001 cent per gallon, worth $4.20 per contract.
Electronic trading is conducted from 6:00 p.m. U.S. ET until 5:00 p.m. U.S. ET via the CME Globex® trading platform, Sunday through Friday.
Primary heating oil futures contracts trade every calendar month, from January through December.