CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Heating oil is a world’s popular by-product of crude oil that is primarily applied as a fuel for boilers and furnaces, heating our homes and other buildings. The heating oil price is directly connected to the price of the WTI crude oil. Heating oil is mostly demanded from October to March every year during the heating season, especially in northern countries. Heating oil is produced in a distillate fuel category, also including diesel fuel. Traded on the CME Globex with the ticker symbol HO, the heating oil contract size comprises 42,000 gallons.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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