NY Harbor ULSD Futures Futures

Traditionally, the contract referenced heating oil fuel, used largely in homes throughout the Northeast of the United States. But starting in 2013, the contract has been based on a slightly different fuel mix called ultra low sulfur diesel, or ULSD.
As the name implies, ULSD contracts are used to take a position in the diesel fuel market, as well as on the home heating market and the seasonal swings in prices it produces. It is also is considered as a way to gain exposure to the jet fuel market. In short, this contract is considered the “middle distillate benchmark.”
It offers traders and investors a direct way to hedge against exposure as well as take a position in a market that is open virtually 24 hours.