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New York Harbor ULSD Market

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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.
    
Heating 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" after gasoline.
   
 

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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.

Click here to contact a commodities broker with experience in the heating oil futures market.

Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Van Commodities, Inc. Research Department. Please view our Risk Disclaimer.

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