Primarily used as a fuel to heat residential homes, heating oil is derived from domestic refineries as well as imports from foreign countries. This flammable liquid petroleum product is often considered seasonal because of this use. The contract specifications in this report will refer to the No.2 fuel oil NYMEX futures contract.

Contract Size: 42,000 U.S. gallons

Price Quote & Tick Size: U.S. dollars and cents per gallon; minimum fluctuation is $0.0001 (0.01¢) per gallon ($4.20 per contract).

Contract Months: 36 consecutive months.

Trading Specs: Open outcry trading is conducted from 9:00 AM until 2:30 PM ET. Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex® trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date).

Daily Price Limit: $0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.

Trading Symbols: HO