Heating Oil Price
Sunday, March 21st, 2010If you’re looking for the latest Heating Oil price then you’ve come to right place. Whether you’re trading or spot buying and selling Heating Oil commodities, we will have all the information you might need on Heating Oil, including trading guide, commodity info, and up to date prices.
Heating Oil Price
Heating Oil current price is 2.08$ / gallon. Heating Oil commodity price changed by -0.0424 which represents a -0.02 percentage shift from the previous trading day’s closing price.
Heating oil is a commodity traded on The New York Mercantile Exchanges and the Intercontinental Exchange. The liquid oil has a low vicosity and is burned in furnances or boilers of buildings to produce heat. The heating oil itself is usually stored in tanks outside or below buildings, in basements or garages, in containers called “above ground storage tanks.” It is most often brought to above ground storage tanks in by truck and must be piped into tanks, lest the oil, which is classified as hazardous, leaks. On mercantile exchanges, the oil accounts for some 25% of all yields for oil. Investors can buy heating oil in many different ways on the market, including crack spread options, calendar spread options, futures, and average price options contracts. Heating oil is the most common method of heating buildings in many parts of the world and remains popular throughout many of the colder parts of the northern and southern hemispheres.
The Heating Oil price today stands as 2.08 and falls in a 52 week range of 1.5 and 18675. Good luck in your trading.