Heating Oil Trade
Heating oil accounts for about 25% of the yield of a barrel of crude oil, the second largest "cut" after gasoline (petrol). Options on futures, calendar spread options contracts, crack spread options contracts, and average price options contracts give market participants even greater flexibility in managing price risk.
Heating oil futures are traded on the Intercontinental Exchange (ICE) and NYMEX. These contracts have delivery dates in all 12 months of the year and are used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to NYMEX Division New York Harbor heating oil futures.
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Famous quotes containing the words heating, oil and/or trade:
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