HEATING OIL
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.
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.
