Open Account

HOIL_CASH & HOIL_FUT

Trade and Hedge Heating Oil

Trade and Hedge Heating Oil HOIL_CASH & HOIL_FUT

Turn Price Volatility into a Competitive Advantage

Trade heating oil (HO) with deep liquidity and tight pricing, even when volatility spikes. With sharp swings in energy prices threatening margins and business stability, ZitaPlus gives you the tools to take control instead of reacting.

We offer access to both Heating Oil Cash and Heating Oil Futures contracts, giving businesses the flexibility to manage short-term exposure or lock in long-term prices.

Heating Oil (HO) Price - Heating Oil (HO) Chart

Trade Confidently, Hedge Wisely

ZitaPlus stands apart with low spreads, even during extreme volatility, delivering competitive trading conditions when stability matters most. With us, you gain access to tailored strategies for metals and energy markets.

We Provide Access and Confidence

Our commercial hedging solutions give you the ability to plan ahead, protect your costs, and stay competitive in a market where every cent counts.

Unmatched Market Liquidity

For companies handling large-volume transactions, execution speed and market depth are non-negotiable. That’s why we deliver seamless access to global liquidity, allowing you to structure full or partial hedges that match your exposure.

Operational Certainty, Financial Stability

Our hedging solutions are designed to cover both operational and financial risk management, turning energy price volatility into a controlled, manageable factor rather than a risk.

Learn More About Heating Oil Hedging

How to Hedge with Heating Oil Cash and Futures Contracts

Heating Oil Cash (HOIL_CASH)

  • Symbol: HOIL_CASH
  • Contract size: 1 Barrel (42 gallons)
  • Min trade volume: 250
  • Average spread: ~0.0058

A fuel distributor expects to purchase 500,000 gallons of heating oil in the winter. To protect against rising prices, they hedge only 50% (partial hedge) using HOIL_CASH contracts.

  • If heating oil rises from $2.50 to $2.70 per gallon, their physical purchase cost increases by $100,000.
  • The long HOIL_CASH position offsets half of that increase (~$50,000 gain), leaving them partially protected but still exposed on the unhedged half.

Heating Oil Futures (HOIL_FUT)

  • Symbol: HOIL_FUT
  • Contract size: 1 Barrel (42 gallons)
  • Min trade volume: 250
  • Average spread: ~0.006

A storage operator holds 1 million gallons of heating oil in tanks. To avoid full over-hedging, they short futures to cover only 70% of the inventory.

  • If prices fall from $2.60 to $2.40, the inventory loses ~$200,000 in value.
  • The short HOIL_FUT hedge gains ~$140,000, covering most of the loss.
  • Because only 70% was hedged, they still take a small hit (~$60,000).

What happens if heating oil prices fall after I hedge?

Hedging is about protecting against risk. If prices fall, your physical costs may decline, but your hedge balances that by ensuring you already locked in stability. The key advantage is certainty, not speculation.

How does ZitaPlus support heating oil hedging?

With deep market liquidity and advanced platforms (MT5, FIX API), ZitaPlus ensures fast, reliable execution.

Why should I hedge heating oil prices?

Heating oil (HO) is one of the most volatile energy markets. A sudden spike can quickly erode margins for distributors, industrial users, and commercial consumers. Hedging helps you lock in costs, protect cash flow, and secure long-term stability in your operations.