ICE Heating Oil Crack - NYH ULSHO 1st Line vs WTI 1st Line (in Bbls)

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A monthly cash settled future based on the difference between the settlement price for NYH ULSHO 1st Line Future and the settlement price for WTI 1st Line Future.

Heating Oil Crack - NYH ULSHO 1st Line vs WTI 1st Line (in Bbls) Futures
Trading Screen Product Name Heating Oil Crack Futures (bbl)
Trading Screen Hub Name NYH ULSHO 1st Line/WTI 1st Line
Contract Symbol NYW
Contract Size 1,000 barrels
Unit of Trading Any multiple of 1,000 barrels
Currency US Dollars and cents
Trading Price Quotation One hundredth of one cent ($0.0001) per gallon
Settlement Price Quotation One hundredth of one cent ($0.0001) per gallon
Minimum Price Fluctuation One hundredth of one cent ($0.0001) per gallon
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month NYH ULSHO Future and the average of the settlement prices as made public by ICE for the front month WTI Future for each business day (as specified below) in the determination period.

conversion factor: 1 barrel = 42 gallons

Contract Series Up to 60 consecutive months
Final Payment Date Two Clearing House Business Days following the Last Trading Day
Business Days ICE Business Days
MIC Code IFED
Clearing Venues ICEU
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 7:50 PM - 6:00 PM*

19:50 - 18:00

7:40 PM

19:40

LONDON 12:50 AM - 11:00 PM*

00:50 - 23:00

12:40 AM

00:40

SINGAPORE 8:50 AM - 7:00 AM*

08:50 - 07:00

8:40 AM

08:40

Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes Clearing Admin Name Am Cracks bbl
Physical NYW
Logical NYW
GMI (FC) O*
ION A.C.N. None

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ICE Heating Oil Crack - NYH ULSHO 1st Line vs WTI 1st Line (in Bbls) Product Spec