Heating Oil / ULSD (HO) June (M) contract study: year-by-year results, the day-by-day shape of the move and where highs and lows printed.
Contract Almanac · Heating Oil (ULSD)
Every June heating oil contract 2011–2026, measured over its tenure as the lead contract · Typically leads Apr 18 – May 17
The June contract leads from mid-April to mid-May, the quietest seam on the heating oil calendar, after winter and before the summer diesel build. Its record is a modest 9 and 7, its stories are anything but: this file holds a 30% intratenure collapse from the 2020 chaos, a 23% rebound year, and the only negative shape-consistency reading on the board. No two Junes have looked alike.
Each year is one contract, measured from the open of the day it took over the lead to the close of the day it handed off, the same roll convention used across all Traders Brief research. Tenure lengths vary by a few trading days from year to year, so day counts differ slightly at the tail. All highs and lows are the contract’s own trades, marked by trading day of the tenure, not calendar day.