Suppliers and consumers in the heating oil market saw the need for a contract that allowed for physical delivery as well as the ability to manage risk. CME Group’s New York Harbor Ultra-Low Sulfur Diesel (ULSD) contract hit the big 4-0 on November 14, 2018. As it hits middle age, ULSD shows no sign of slowing down. The CME decided last year to change the specification of its benchmark heating oil contract to ULSD as of May 2013, rather than attempting to launch a new contract.

Heating Oil (NY Harbor ULSD) Futures Contract Specs, CME NYMEX: HO Heating Oil is liquid petroleum product used as a fuel oil for furnaces or boilers in home and buildings. Most heating oil are chemically very similar to diesel fuel used as motor fuel. In many markets heating oil and on-road diesel fuels are the same product. CME Group staff determines the settlement of the expiring E-mini Heating Oil (QH) contract by following the regular daily settlement procedure. Additional Details. E-mini Heating Oil (QH) futures are cash settled upon expiration. For additional details, please see the NYMEX Rulebook (Chapter 404). NYMEX Heating Oil Completes Transition to Ultra Low Sulfur Diesel As of yesterday, NYMEX heating oil futures and options are now ultra low sulfur diesel fuel (ULSD) futures and options. The transition is a long time in the making as the CME first announced the transition back in June of 2011. Beginning with the May 1, 2013 contract, the New York Mercantile Exchange (Nymex) switched its specification for the heating oil futures contract to the ultra-low sulfur diesel specification (ULSD). The ULSD contract is a distillate that contains less than 15 parts per million (ppm) of sulfur, the same specification used for most diesel fuel. Welcome to WTI Crude Oil Futures. Whether you are a new trader looking to get started in futures, or an experienced trader looking for a better way to hedge crude oil, NYMEX WTI Light Sweet Crude Oil futures are the most efficient way to trade today’s global oil markets. Discover Crude Oil Futures

NYMEX WTI Crude Oil, Natural Gas, Heating Oil, and RBOB. Gasoline Futures Daily Settlement Procedure. The first six contract months in NYMEX WTI Crude 

6 Fuel Oil 3.0% (Platts) Futures · 1L - Gulf Coast ULSD (Platts) Up-Down BALMO Futures · LT - Gulf Coast ULSD (Platts) Up-Down Futures · HO - NY Harbor  Find information for NY ULSD (Argus) vs. NY Harbor ULSD Futures Contract Specs provided by CME Group. View Contract Specs. HC-HEATING OIL CRK SPD SYN FUT NYMEX, HGB-USGC MARINE FUEL 0.5% (PLATTS) VS. HO-NY HARBOR ULSD FUT, HO4-HEATING OIL TAM PLATTS  The cash settlement price in US Dollars and cents per Gallon is equal to the penultimate settlement price for New York Harbor ULSD Heating Oil Futures  The change will mean that, beginning with the May 2013 contract, the heating oil futures specs will reflect the specs of Colonial Pipeline Grade 61 ULSD. CME  The NYMEX Heating Oil futures contract is now NYMEX ULSD (Ultra Low Sulfur CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Chicago   Like its name suggests, heating oil is almost exclusively used as a flammable, Trading Hours, CME Globex: Sunday – Friday 6:00 p.m. – 5:15 pm ET with a NY Harbor ULSD Futures (HO) spot, 2nd and 3rd months and nearby/second 

CME Group Inc.’s heating oil contract on the New York Mercantile Exchange has been renamed ultra-low-sulfur-diesel futures after the April contract, the last to reflect higher-sulfur fuel

The Heating Oil Futures Contract is cash settled against the prevailing market price for Heating Oil in New York Harbor. The cash settlement price in US Dollars and cents per Gallon is equal to the penultimate settlement price for New York Harbor ULSD Heating Oil Futures Contract as made public by NYMEX for the month of production as specified within the relevant Contract Rules by reference to

NYMEX WTI Crude Oil, Natural Gas, Heating Oil, and RBOB. Gasoline Futures Daily Settlement Procedure. The first six contract months in NYMEX WTI Crude 

The NYMEX Heating Oil futures contract is now NYMEX ULSD (Ultra Low Sulfur CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Chicago   Like its name suggests, heating oil is almost exclusively used as a flammable, Trading Hours, CME Globex: Sunday – Friday 6:00 p.m. – 5:15 pm ET with a NY Harbor ULSD Futures (HO) spot, 2nd and 3rd months and nearby/second 

The History of Heating Oil and Heating Oil Futures Market. The market for heating oil, also known as No. 2 fuel oil, today known as ultra low-sulfur-diesel (ULSD), grew rapidly after World War II, as homeowners and builders switched from coal. Heating oil is very similar in chemical makeup to diesel fuel.

NYMEX Heating Oil Completes Transition to Ultra Low Sulfur Diesel As of yesterday, NYMEX heating oil futures and options are now ultra low sulfur diesel fuel (ULSD) futures and options. The transition is a long time in the making as the CME first announced the transition back in June of 2011. The History of Heating Oil and Heating Oil Futures Market. The market for heating oil, also known as No. 2 fuel oil, today known as ultra low-sulfur-diesel (ULSD), grew rapidly after World War II, as homeowners and builders switched from coal. Heating oil is very similar in chemical makeup to diesel fuel. Get ULSD Heating Oil (Apr'20) (@HO.1:New York Mercantile Exchange) real-time stock quotes, news and financial information from CNBC. The Heating Oil Futures Contract is cash settled against the prevailing market price for Heating Oil in New York Harbor. The cash settlement price in US Dollars and cents per Gallon is equal to the penultimate settlement price for New York Harbor ULSD Heating Oil Futures Contract as made public by NYMEX for the month of production as specified within the relevant Contract Rules by reference to The ICE Heating Oil/Low Sulphur Gasoil (HO/LSGO) Futures Spread is financially settled with any position resulting in two legs in the underlying Heating Oil and Low Sulphur Gasoil markets. In listing the HO/LSGO Futures Spread, it enables traders to manage price risk for Middle Distillates cargoes moving between the United States and Europe. While this example focused on hedging diesel fuel with ULSD futures, the same methodology applies to hedging gasoil, gasoline, heating oil, jet fuel, etc. While there are many details that need to be considered before hedging with futures, the basic methodology of hedging fuel price risk with futures is pretty simple.

NYM Gulf Coast ULSD Fut COMMSPR, GLU(GHO), CME, 6:00 PM, 4:15 PM, 5:00 PM. Heating Oil, GHO, CME, 5:00 PM, 5:00 PM, 4:15 PM. Heating Oil Cal Spd  CME, Mini 1% Fuel Oil Cargoes CIF NWE (Platts) Futures, MFP, Future, Energy CME, NY Harbor ULSD Futures, HOL, Future, Energy, Refined Products, New  22 Aug 2013 Mini European 1% Fuel Oil Cargoes FOB NWE (Platts) Futures CME. 5Y. 5Y. NY ULSD (Argus) Futures. Energy. Futures. NYMEX. 5ZN. 5Z. NYMEX WTI Crude Oil, Natural Gas, Heating Oil, and RBOB. Gasoline Futures Daily Settlement Procedure. The first six contract months in NYMEX WTI Crude