Markets / Heating Oil (ULSD)

Heating Oil (ULSD)

Nov Diesel futures · $ per gallon

4.7156/gal

-2.28¢ (-0.48%) Updated Mon Oct 12, 2:00 PM CT · may be delayed

Nov Diesel, daily settle

Prior settle

4.7384

Today's range

4.5821 – 4.7794

1 week / 1 month

+3.7% / -1.1%

52-week range

2.03265.0499

Seasonal pattern: % change since January 1 20262021–2025 average2025

Heating Oil is up 121.5% since January 1. By this point in a typical year (2021–2025) it was up 21.7%. From here to year-end, the price rose in 0 of the last 5 years, down 10.2% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.

Big funds: managed money net position (contracts) net long (betting up)net short (betting down)

As of Tuesday, Oct 6, hedge funds and commodity advisors are net long 11,427 contracts (less bullish than the week before, -1,518). That's more bullish than 50% of weeks in the last 3 years. CFTC Commitments of Traders, Disaggregated Futures Only. Published Fridays with Tuesday's positions.

Every contract month

Heating Oil futures trade every month.

Deferred months are priced below Nov Diesel (an inverse): the market wants it now.

Month	Last	Change	%	vs. Nov
Nov Diesel	4.7156	-2.28¢	-0.48%	—	Alert
Dec Diesel	4.5800	-0.84¢	-0.18%	-13.56¢	Alert
Jan Diesel	4.5057	+1.09¢	+0.24%	-20.99¢	Alert
Feb Diesel	4.4197	+2.3¢	+0.52%	-29.59¢	Alert
Mar Diesel	4.3124	+3.85¢	+0.90%	-40.32¢	Alert
Apr Diesel	4.1789	+4.66¢	+1.13%	-53.67¢	Alert
May Diesel	4.0568	+5.53¢	+1.38%	-65.88¢	Alert
Jun Diesel	3.9440	+6.3¢	+1.62%	-77.16¢	Alert
Jul Diesel	3.8694	+6.56¢	+1.72%	-84.62¢	Alert
Aug Diesel	3.8091	+6.38¢	+1.70%	-90.65¢	Alert
Sep Diesel	3.7577	+5.83¢	+1.58%	-95.79¢	Alert
Oct 27 Diesel	3.7044	+5¢	+1.37%	-101.12¢	Alert

Text me when Nov Diesel hits my number

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Why it moved

Oil and Diesel Prices Fell After Trump Announced an Energy Truce Between Russia and Ukraine. It went against crude oil (+1.96%), which was higher.

From the 2:00 closing report, Monday, Oct 12. Past reports

Reports coming up

Wed Oct 14EIA crude oil inventories9:30am CT
Thu Oct 15EIA natural gas storage9:30am CT
Wed Oct 21EIA crude oil inventories9:30am CT
Thu Oct 22EIA natural gas storage9:30am CT
Wed Oct 28EIA crude oil inventories9:30am CT
Thu Oct 29EIA natural gas storage9:30am CT
Wed Nov 4EIA crude oil inventories9:30am CT
Thu Nov 5EIA natural gas storage9:30am CT
Wed Nov 11EIA crude oil inventories9:30am CT

Full report calendar

About this market

NYMEX ULSD (heating oil), 42,000 gallons. The benchmark for farm diesel.

Other markets

Corn4.83 +0.78% Soybeans12.88 -0.29% Wheat6.73 +0.26% Live Cattle226.57 -0.21% Feeder Cattle341.27 -0.20% Lean Hogs68.35 +0.77% Crude Oil (WTI)93.64 +1.95% Natural Gas3.163 -1.77% Gold4,191.90 -0.58% Silver60.44 -1.00% Copper6.7570 +0.97%