Heating Oil Futures201
ICE Futures Europe
Heating Oil Futures
Description
The ICE Heating Oil Futures Contract is cash settled and designed to appeal to both physical and financial traders. In addition, offsetting of margins with other ICE Futures Oil Contracts ensures that a Member's collateral is used effectively when trading ICE Futures Oil Contracts
Market Specifications
- Trading Screen Product Name
- Heating Oil Futures
- Trading Screen Hub Name
- NYH
- Contract Symbol
- O
- Contract Size
- 1,000 barrels (42,000 gallons)
- Unit of Trading
- Any multiple of 1,000 barrels
- Currency
- US Dollars and cents
- Trading Price
- One hundredth of one cent ($0.0001) per gallon
- Settlement Price
- One hundredth of one cent ($0.0001) per gallon
- Minimum Price Fluctuation
- One hundredth of one cent ($0.0001) per gallon
- Maximum Price Fluctuation
- There are no limits.
- Clearing
- The Clearing House guarantees financial performance of all ICE Futures contracts registered with it by its clearing members. All ICE Futures Member companies are either members of the Clearing House or have a clearing agreement with a Member who is a member of the Clearing House
- Contract Series
- Up to 50 consecutive months
- Position Limit
- The applicable position, expiry and/or accountability levels, are set forth in Table 1 of ICE Futures Europe’s Position, Expiry and Delivery Limits and Accountability Levels Guidance.
- Last Trading Day
- Trading shall cease at the end of the designated settlement period on the penultimate US business day of the month preceding the delivery month where a US business day is a day on which NYMEX is opened for business
- Settlement
- 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 2005 ISDA Commodity Definitions.
- Linked Future
- Yes
- Markers
- TAS (Trade at Settlement)
- Business Days
- ICE Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:00 PM - 6:00 PM* 20:00 - 18:00 | 7:45 PM 19:45 |
| LONDON | 1:00 AM - 11:00 PM 01:00 - 23:00 | 12:45 AM 00:45 |
| SINGAPORE | 9:00 AM - 7:00 AM* 09:00 - 07:00 | 8:45 AM 08:45 |
*Next Day
*Sunday Pre-Open is 5:00 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- ICE Heating Oil
- Physical
- O
- Logical
- UHO
- GMI (FC)
- OM
- ION A.C.N.
- NF69
- Symbol Code
- UHO