Heating oil price today: trend, volatility and seasonality
Data updated October 13, 2026
4.875usd/gal−1.21% today
Heating oil last traded at 4.875 usd/gal (close of October 13, 2026), up 132.5% year to date and up 119.3% over twelve months.
It is in an uptrend: both the price and its 50-day average are above the 200-day average, with the price 32.7% above that average.
Over the past 52 weeks it has ranged between 2.057 and 5.262; today's price sits at 90% of that range.
One-month volatility is 49% annualised, close to the middle of its historical range, and the largest fall from a high in the last year was 32.9%.
Returns by period
- 1W
- +8.0%
- 1M
- −0.5%
- 3M
- +22.9%
- 6M
- +36.1%
- Year to date
- +132.5%
- 1Y
- +119.3%
- 3Y
- —
- 5Y
- —
Spot price changes, close to close. They do not include the roll cost or carry of futures, which is what commodity ETFs earn.
Heating oil price over five years
Trend and risk
- Trend (50/200-day)
- Uptrend
- vs 200-day average
- +32.7%
- RSI (14 days)
- 58
- Momentum 12-1
- +120.4%
- Volatility 1M
- 49.5%
- Volatility 1Y
- 56.8%
- Max drawdown 1Y
- −32.9%
- 52-week range position
- 90%
Futures positioning (CFTC COT)
Managed money (hedge funds and CTAs) held a net long position of 11,427 contracts in Heating oil (4.7% of open interest), in the lower part of its one-year range. Report of October 6, 2026.
Heating oil COT report: positions, history and what followed extremes →
Questions
How has heating oil performed this year?
As of October 13, 2026, Heating oil is +132.5% year to date and +119.3% over the last twelve months, at 4.875 usd/gal.
Is heating oil above its 200-day moving average?
Yes: the price is 32.7% above its 200-day average of 3.719. With the 50-day average also above it, the trend reads as up.
How volatile is heating oil?
Its one-month volatility is 49.5% annualised and one-year volatility 56.8%. Current volatility is at the 61th percentile of all one-month windows in the available history.
Are hedge funds long or short heating oil?
Managed money (hedge funds and CTAs) held a net long position of 11,427 contracts in Heating oil (4.7% of open interest), in the lower part of its one-year range. Figures from the CFTC Commitments of Traders report of October 6, 2026.
Related
Source: MarketStack commodity prices; CFTC Commitments of Traders (Disaggregated, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.