Heating Oil / ULSD (HO) October (V) 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 October heating oil contract 2010–2025, measured over its tenure as the lead contract · Typically leads Aug 18 – Sep 17
The October contract leads from mid-August to mid-September, when the market starts counting barrels for winter, and its file is a study in late resolution: 9 winners in 16 tries, a +1.5% median, and a defining extreme that landed in the final five sessions in 11 of 16 years. Its early weeks have rarely told you how it would end.
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.