NY Harbor Ultra Low Sulphur Heating Oil
Setting a new standard for U.S. heating oil
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Demand is rising for a RIN-less futures contract that represents the cross Atlantic flow of diesel and the domestic home heating oil barrel, as record distillate volumes are transported through New York Harbor.
The physically delivered futures contract provides an accurate hedging tool complimenting ICE’s Low Sulphur Gasoil futures with physical delivery of Amsterdam, Rotterdam or Antwerp (ARA) along with ICE’s Singapore Gasoil financially settled contract.
Listed as a ULSD 67 grade, the NY Harbor Ultra Low Sulphur Heating Oil is designated by the Environmental Protection Agency (EPA) as a heating oil, therefore the price of Renewable Identification Numbers (RINs) is excluded from the contract.
The ULSHO contract has a familiar physical delivery mechanism, expiry and rulebook, providing an efficient setup process and effective price discovery available for global market participants.
Spreads
Additional Inter-Commodity spreads to mitigate risk
Contract size
Each contract represents 1,000 barrels and trades in U.S. dollars and cents per gallon. The minimum price increment is $0.0001 per gallon.
ULSHO trading codes:
ICE code: O67
TT code: O67
Global refined complex
Additional monthly cash settled futures are offered complimenting ICE’s suite of products
Spreads
Additional Inter-Commodity spreads to mitigate risk
Contract size
Each contract represents 1,000 barrels and trades in U.S. dollars and cents per gallon. The minimum price increment is $0.0001 per gallon.
ULSHO trading codes:
ICE code: O67
TT code: O67
Global refined complex
Additional monthly cash settled futures are offered complimenting ICE’s suite of products