Is based on what is also known as No. 2 fuel oil, which accounts for about one-quarter of the yield of a barrel of crude, the second largest “cut” after gasoline and Is used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures
Product Symbol BH
Venue CME ClearPort, Open Outcry (New York)
(All Times are New York Time/ET)
|CME ClearPort:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|Open Outcry:||Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)|
Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon.
Minimum Fluctuation $0.0001 per gallon
Floating Price The Floating Price is equal to the NYMEX New York Harbor Heating Oil Futures first nearby contract settlement price on the penultimate trading day for the delivery month.
Termination of Trading Trading shall cease one business day prior to the termination date of the NYMEX New York Harbor Heating Oil Futures Contract for the delivery month.
Listed Contracts Current year and next 3 calendar years
Settlement Type Financial
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