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Energy Products
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E-mini Heating Oil - Financial
E-mini Heating Oil futures are an outright heating oil contract between a buyer and a seller. The contract is about half the size of the standard Heating Oil contract, and is also:
- Designed for investment portfolios
- Based on what is also known as No. 2 fuel oil, which accounts for about ¼ of the yield of a barrel of crude, the second largest "cut" after gasoline
- Used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures
Things to know::
- Traded electronically on CME Globex
- Financially settled, based on NYMEX New York Harbor heating oil (HO) futures first nearby contract settlement price on the penultimate trading day for the delivery month
