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NY Harbor ULSD Heating Oil vs. Gasoil Futures
 
 
Starting April 29, 2012, the Exchange is amending Heating Oil (HO) contract grade and quality specifications beginning with the May-2013 contract month to meet those of the Colonial Pipeline’s Fungible Grade 61 for Ultra Low Sulfur Diesel (ULSD). The specification changes in HO are applicable to the April-2013 HA contract month and beyond. See amendments to rulebook Chapter 150.
NY Harbor ULSD Heating Oil vs. Gasoil Futures
Product Symbol Globex: HAB
Clearing: HA
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
Minimum Fluctuation $0.0001 per gallon
Floating Price "The Floating Price for each contract month is equal to the arithmetic average of the NYMEX New York Harbor No. 2 Heating Oil first nearby settlement price minus the first line Gasoil (ICE) Futures settlement price for each business day during the contract month (using Non-common pricing).

For purposes of determining the Floating Price, the Gasoil Futures first nearby contract month settlement price will be converted each day to U.S. dollars and cents per gallon, rounded to the nearest cent. The conversion factor will be 7.45 barrels per metric ton.

(B) The settlement prices for the first nearby contract month will be used except on the last day of trading for the expiring Gasoil Futures contract when the settlement prices of the second nearby Gasoil contract will be used."
Termination of Trading Trading ceases on the last business day of the contract month.
Listed Contracts Current Year + 3 Years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 725
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

 

 
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