Heating Oil (HO1) Down $0.01 Over Past 4 Hours, Underperforms All energy commodity; Started Today Down 0.51%

Heating Oil 4 Hour Price Update

Updated July 23, 2020 11:09 AM GMT (07:09 AM EST)

The back and forth price flow continues for Heating Oil, which started the current 4 hour candle off at 1.2697 US dollars, down 0.51% ($0.01) from the last 4 hour candle. On a relative basis, Heating Oil was the worst performer out of all 6 of the assets in the energy commodity asset class the current 4 hour candle.

Heating Oil Daily Price Recap

1.2697 was the closing price of the day for Heating Oil, resulting in today being one in which price moved down 0.51% ($0.01) from the previous day. Those trading within the energy commodity asset class should know that Heating Oil was the worst performer in the class today. The daily price chart of Heating Oil below illustrates.

Heating Oil Technical Analysis

Volatility for Heating Oil has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Heating Oil:

  • From therealtglotch:

    @niais Big up front cost, but we installed a geothermal heat pump. It’s connected to our central AC, so it provides heat in the winter (no heating oil for us in the northeast!) and cool air in the summer. It increases electricity usage, so we’ve also installed solar panels.

  • From therealtglotch:

    @niais Now there’s no heating oil expense in the winter and our panels cover ~100% of our electricity usage. This is not a workable solution for lots of folks due to the upfront cost, but the energy savings and tax credits helped us on the back end.

  • From ShirtlessHorde:

    @showmekittys @TheTyee 1/
    same as heating oil. I was working in an existing neighbourhood that just got natural gas service. One of the homes got a fuel oil delivery. Before the delivery driver noticed something wrong he’d pumped over 2000 liters of oil into the home.