Heating Oil rose to 2.47 USD/Gal on July 11, 2025, up 3.46% from the previous day. Over the past month, Heating Oil's price has risen 11.10%, but it is still 1.60% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on July of 2025.

This statistic shows the average annual futures contract 3 price for New York Harbor No.2 heating oil between 1990 and 2019. In 2019, the futures contract 3 price for this fuel came to 1.94 U.S. dollars per gallon.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (WHOILNYH) from 1986-06-06 to 2025-06-13 about new york harbor, heating, New York, oil, commodities, and USA.

Get the latest insights on price movement and trend analysis of Fuel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Heating oil price in the United States has peaked in winter 2022/23 at 4.31 U.S. dollars per gallon and has decreased ever since. Heating oil is a liquid petroleum product that is, among other things, used in residential buildings as a fuel oil in furnaces or boilers. Chemically, most heating oils are similar to motor diesel fuels and are often sold interchangeably. Forecast heating price in the U.S. The average price of heating oil in the United States in the winter of 2024/25 is expected to reach 3.44 U.S. dollars per gallon. Energy prices are projected to see a decrease this winter, because of increased production of heating fuels. The number of heating degree days, which are the days in which the average temperature is below 18 degrees Celsius (65 degrees Fahrenheit), also helps quantify the energy demand required to heat a building. What determines heating oil price? Generally, heating oil prices are collected during the heating season between October and March. In the U.S., the greatest determining factor for heating oil prices is the WTI crude oil price. Consumers can lower heating oil bills by considering when they purchase, reducing consumption, and through government assistance programs.

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Interactive chart showing the monthly closing price for No. 2 Heating Oil: New York Harbor since 1986. The prices shown are in U.S. dollars.

Brent rose to 70.69 USD/Bbl on July 11, 2025, up 2.99% from the previous day. Over the past month, Brent's price has risen 1.92%, but it is still 16.86% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on July of 2025.

We use the average of the tax-inclusive prices of No.20 fuel oil in Guangzhou and Shanghai to represent the fuel oil spot price, the fuel oil futures prices traded in Shanghai Futures Exchange to represent the oil futures prices and the CSI 300 energy index to represent the energy stock index. Meanwhile, the weekly data of S&P 150 500 energy index, WTI (the West Texas intermediate) crude oil prices and WTI crude oil futures prices traded in New York Mercantile Exchange are available for comparison. The sample covers the period from August 26, 2004 to January 21, 2016. The sample size is 596. All data are extracted from Wind Database.

We use the average of the tax-inclusive prices of No.20 fuel oil in Guangzhou and Shanghai to represent the fuel oil spot price, the fuel oil futures prices traded in Shanghai Futures Exchange to represent the oil futures prices and the CSI 300 energy index to represent the energy stock index. Meanwhile, the weekly data of S&P 150 500 energy index, WTI (the West Texas intermediate) crude oil prices and WTI crude oil futures prices traded in New York Mercantile Exchange are available for comparison. The sample covers the period from August 26, 2004 to January 21, 2016. The sample size is 596. All data are extracted from Wind Database.

Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The prices shown are in U.S. dollars.

China Settlement Price: Fuel Oil Forward: 180CST: No.1: Y18S: SPEX: Third Month data was reported at 3,503.000 RMB/Ton in 17 Apr 2009. This records a decrease from the previous number of 3,511.000 RMB/Ton for 16 Apr 2009. China Settlement Price: Fuel Oil Forward: 180CST: No.1: Y18S: SPEX: Third Month data is updated daily, averaging 3,478.500 RMB/Ton from Aug 2006 (Median) to 17 Apr 2009, with 648 observations. The data reached an all-time high of 5,579.000 RMB/Ton in 15 Jul 2008 and a record low of 2,224.000 RMB/Ton in 02 Dec 2008. China Settlement Price: Fuel Oil Forward: 180CST: No.1: Y18S: SPEX: Third Month data remains active status in CEIC and is reported by Shanghai Petroleum Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Shanghai Petroleum Exchange: Price: Daily.

Construction process of a directed weighted network for the futures prices fluctuations.

Discover how the drop in crude oil prices below $60 is driving a surge in consumer hedging as companies aim to lock in lower fuel costs amid volatile market conditions.

Find in-season and off-season pricing for heating fuels, including heating oil, propane and wood price surveys by DOER. Links to electric and natural gas rates also available here.

As of the fourth quarter of 2024, oil prices in the United Kingdom stood at 74 dollars per barrel, with prices expected to rise to 76.6 dollars a barrel in early 2025, before gradually falling in subsequent quarters.

Comparison of the occurrence time of new nodes.

China Settlement Price: Shanghai Future Exchange: Fuel Oil: 3rd Month data was reported at 2,937.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,189.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Fuel Oil: 3rd Month data is updated monthly, averaging 3,302.000 RMB/Ton from Aug 2004 (Median) to Apr 2025, with 249 observations. The data reached an all-time high of 5,543.000 RMB/Ton in Jan 2012 and a record low of 1,307.000 RMB/Ton in Apr 2020. China Settlement Price: Shanghai Future Exchange: Fuel Oil: 3rd Month data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

China Settlement Price: Shanghai International Energy Exchange: Low Sulfur Fuel Oil: 5th Month data was reported at 3,407.000 RMB/Ton in 13 May 2025. This records an increase from the previous number of 3,372.000 RMB/Ton for 12 May 2025. China Settlement Price: Shanghai International Energy Exchange: Low Sulfur Fuel Oil: 5th Month data is updated daily, averaging 3,907.000 RMB/Ton from Jun 2020 (Median) to 13 May 2025, with 1184 observations. The data reached an all-time high of 5,918.000 RMB/Ton in 09 Jun 2022 and a record low of 2,190.000 RMB/Ton in 02 Nov 2020. China Settlement Price: Shanghai International Energy Exchange: Low Sulfur Fuel Oil: 5th Month data remains active status in CEIC and is reported by Shanghai International Energy Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai International Energy Exchange: Commodity Futures: Settlement Price: Daily.