Heating oil price today: trend, volatility and seasonality
Data updated October 13, 2026
4.753usd/gal−1.90% today
Heating oil last traded at 4.753 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 over five years (start = 100)
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 4.753 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.