New York Harbor ULSD
(Previously Heating Oil Futures)
On May 2013, NYMEX Heating Oil futures contract formally became New York Harbor ULSD
(Ultra Low Sulfur Diesel) Futures. New York Harbor ULSD is the NYMEX middle distillate benchmark, making NYMEX ULSD futures
a better hedge for the distillate fuel sector.
Heating oil, also known in the United States as No.
2 heating oil, is a flammable liquid petroleum product used to fuel building furnaces or boilers.
Heating oil is less commonly used as an industrial fuel or for power generation.
oil is widely used in parts of the United States and Canada where natural gas or propane is not available. Heating oil accounts for about 25% of the yield of a barrel of crude oil, the second largest "cut"
Whether you are a speculator or a hedger this section on the heating oil market contains a
wealth of valuable information. You can read about the history of the heating oil market, the fundamentals
that make it move, and the futures and options specifications. You can also view quotes, charts, current margin requirements,
and news that is affecting the heating oil market. However, if you are new to the commodities markets you should
consult with a licensed broker before starting to trade.