What is heating oil made from?
Generally, heating oil refers to low viscosity grades of fuel oil used for furnaces and boilers.
How much heating oil is sold in a futures contract?
Generally, 42,000 gallons—1,000 barrels—of heating oil are included in a futures contract.
Which industries benefit from heating oil futures?
Energy companies and small businesses may find that they can save money and hedge against harsh winters by trading in heating oil futures.