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Description

A monthly cash settled future based on the difference between the ICE settlement price for NYH ULSHO 1st Line Future and the ICE settlement price for Midland WTI American Gulf Coast 1st Line Future.

Market Specifications

Trading Screen Product Name

Heating Oil Crack Futures (bbl)

Trading Screen Hub Name

NYH ULSHO 1st Line/Midland WTI 1st Line

Contract Symbol

NYP

Contract Size

1,000 barrels

Unit of Trading

Any multiple of 1,000 barrels

Currency

US Dollars and cents

Trading Price Quotation

One cent ($0.01) per barrel

Settlement Price Quotation

One hundredth of one cent ($0.0001) per barrel

Minimum Price Fluctuation

One hundredth of one cent ($0.0001) per barrel

Last Trading Day

Last Trading Day of the contract month

Final Settlement

In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month NYH ULSHO Future and the average of the settlement prices as made public by ICE for the front month Midland WTI American Gulf Coast Future for each business day (as specified below) in the determination period.

conversion factor: 1 barrel = 42 gallons

Contract Series

Up to 60 consecutive months, or as otherwise determined by the Exchange

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Business Days

ICE Business Days

MIC Code

IFED

Clearing Venues

ICEU

Related Products

• Heating Oil Outright - NYH ULSHO 1st Line Future
• Crude Outright - Midland WTI American Gulf Coast 1st Line Future
• Heating Oil Crack - Heating Oil 1st Line vs Brent 1st Line Future (in bbls)
• Fuel Oil Crack - USGC HSFO (Platts) vs Brent 1st Line Future
• Gasoline Crack - RBOB Gasoline 1st Line vs Brent 1st Line Future (in bbls)
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Trading Hours

Codes