ICE Europe: O/UHO Heating Oil Futures [Trend]
Heating Oil Futures (ICE Europe : O/UHO) Specifications :
Contract Symbol : O
Commodity Code: Physical : O, Logical : UHO
Trading Screen Product Name: Heating Oil Futures
Trading Screen Hub Name: NYH
ontract Size: 1,000 barrels
Currency : US Dollars and cents
Unit of Trading : Any multiple of 1,000 barrels
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
Maximum Price Fluctuation : There are no limits.
Settlement: cash settled
Position Limit : Current position accountability levels: In any one month: 5,000 net futures. All months: 7,000 net futures. Current position limits: 1,000 lots during the last 3 trading days of the expiring month.
Trading Hours: New York 8:00 PM - 6:00 PM (20:00 - 18:00). pre-open 7:45 PM (19:45).
London 1:00 AM - 11:00 PM (01:00 - 23:00) pre-open 12:45 AM (00:45).
Singapore 9:00 AM - 7:00 AM (09:00 - 07:00) pre-open 8:45 AM (08:45).
Contract Series: Up to 50 consecutive months
Last Trading Day: Trading shall cease at the end of the designated settlement period on the penultimate US business day of the month preceding the delivery month where a US business day is a day on which NYMEX is opened for business.
Settlement : The Heating Oil Futures Contract is cash settled against the prevailing market price for Heating Oil in New York Harbor.
NCR, RL and IPL Levels : NCR: 0.02, RL: 0.04, IPL: 0.06, 3 second recalculation and 5 second hold periods.