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ICE Futures Europe

Heating Oil Outright - NYH ULSHO Future

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Description

The NYH Ultra Low Sulphur Heating Oil (ULSHO) Future is a physically delivered contract into the New York Harbor (NYH) region. The contract is designed to provide users with an effective hedging instrument for home Heating Oil. The underlying physical market is for Ultra Low Sulphur Heating Oil for delivery in the NYH region.

Market Specifications

Trading Screen Product Name
Heating Oil Futures
Trading Screen Hub Name
NYH ULSHO
Contract Symbol
O67
Contract Size
1,000 barrels (42,000 gallons)
Unit of Trading
Any multiple of 1,000 barrels (42,000 gallons)
Currency
US Dollars and cents
Trading Price Quotation
One hundredth of one cent ($0.0001) per gallon
Settlement Price Quotation
One hundredth of one cent ($0.0001) per gallon
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per gallon
Last Trading Day
Trading in the current delivery month shall cease at the end of the designated settlement period on the last Business Day of the calendar month preceding the delivery month.
Final Settlement
The final settlement price as determined on the last trading day of the expiring contract month shall be the basis for delivery
Position Limit
"The applicable position limits and/or accountability levels, in addition to the reportable levels, are set forth in the Position and Expiry Limit Table.
Contract Series
Up to 49 consecutive months
Markers
TAS (Trade at Settlement)
Business Days
ICE Business Days
MIC Code
IFEU
Clearing Venues
ICEU

Related Products

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00		7:45 PM
19:45
London1:00 AM - 11:00 PM*
01:00 - 23:00		12:45 AM
00:45
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00		7:45 AM
07:45

*Next Day

*Sunday Pre-Open is 5:00 PM ET; Closed on Saturday

Codes

Clearing Admin Name
ICE Heating Oil
Physical
O67
Logical
O67
GMI (FC)
PE
ION A.C.N.
Symbol Code
O67