ICE Futures Europe Announces Daily Volume Record in Heating Oil Futures

IntercontinentalExchange

reported a daily volume record in ICE Heating Oil futures of 25,567 on August 2, 2012. The previous volume record was 20,813 contracts on June 19, 2012. The ICE Heating Oil futures contract is based on New York Harbour no.2 heating oil, with a 2,000 parts per million (ppm) sulphur content. It is the North American equivalent of the actively-traded ICE Gasoil futures contract. Priced in U.S. dollars and cents per gallon, the contract trades for 36 consecutive months at a time. Each contract is sized at 42,000 gallons, the equivalent of 1,000 barrels.