Heating oil price (HEATOIL) — live chart
Follow the live Heating Oil price and chart, check the contract specifications and see what moves HEATOIL.
Chart and quote are a third-party TradingView feed for information only and can differ slightly from Xellion's MT5 prices.
About Heating Oil
Heating oil is a refined petroleum fuel used primarily to heat homes and commercial buildings. It belongs to the distillate family, alongside diesel, and its price reflects conditions in both crude oil and refined fuel markets. Heating oil benchmarks are commonly quoted in US dollars, with quotation conventions depending on the underlying market.
Heating oil stands out for its sensitivity to seasonal heating demand, particularly in regions where oil-fired systems are widely used. Weather can affect consumption, while refinery output, storage availability and transport constraints influence supply. Its close relationship with diesel also means that freight activity and competition for distillate supplies can affect pricing beyond the heating season.
On Xellion's MT5 platform, Heating Oil (HEATOIL) is traded as a CFD, allowing a position to be long or short without owning or taking delivery of the underlying fuel. Trading is available nearly around the clock, Monday to Friday, with a short daily break. CFD exposure involves leverage-related risks, and losses can increase when prices move against a position.
What moves the price
- Cold weather and seasonal heating demand
- Crude oil costs and availability
- Distillate inventories and storage constraints
- Refinery maintenance, outages and output
- Diesel demand from transport and industry
- Trade flows and fuel distribution disruptions
| Symbol | HEATOIL |
|---|---|
| Leverage | Up to 1:2000 |
| Trading hours | Nearly 24 hours, Monday to Friday, with a short daily break |
Live spreads and swaps are shown in MT5. Exact session times are in the MT5 contract specification; leverage depends on your account and country.
HEATOIL questions
How does weather affect heating oil prices?
Colder weather can increase fuel consumption in areas that rely on oil-fired heating, while milder conditions can reduce demand. The price response also depends on available inventories, refinery output and whether distribution networks can deliver fuel where it is needed.
Why can heating oil prices move differently from crude oil?
Crude oil is a feedstock for heating oil, but refining and distribution add separate influences. Distillate shortages, refinery disruptions or stronger heating demand can affect heating oil differently from crude, changing the price relationship between the raw material and the refined fuel.
What are the trading hours for HEATOIL?
HEATOIL trading is available nearly around the clock, Monday to Friday, with a short daily break. This broad trading window allows the market to respond to developments across regions, although trading is not continuous throughout the week.
Does trading HEATOIL involve receiving physical heating oil?
No. HEATOIL on Xellion's MT5 platform is a CFD rather than a purchase of physical fuel. A position can be long or short without ownership, storage or delivery of heating oil. Gains and losses reflect price movements relative to the position's direction.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Charts and prices on this page come from TradingView for information only and are not investment advice. Risk disclosure