November 2026 NY Harbor ultra-low-sulfur diesel futures, commonly labelled heating oil, were quoted at $5.0174 per gallon at 08:57:34 UTC (14:27:34 IST) on September 16. The delayed HOX26.NYM quotation was $0.0074, or 0.15%, above the same contract’s September 15 close of $5.0100.
A small extension after Tuesday’s larger increase
The November contract’s dated history showed $4.7553 on September 14. Tuesday’s $5.0100 close was therefore $0.2547 higher, a gain of approximately 5.36%. The new reading added only 0.74 cents per gallon to that closing level, compared with the previous session’s 25.47-cent increase.
Across the two observations, $5.0174 stood $0.2621, or about 5.51%, above Monday’s close. This separates the modest current-session difference from the much larger preceding move. It does not establish a continuing trend or explain which supply, demand or positioning factors produced either change.
What the gallon quote represents
CME’s specifications set a standard contract at 42,000 gallons. Multiplying that quantity by the quoted price gives approximately $210,730.80 in notional value. The $0.0074 price difference corresponds to $310.80 per contract before fees; notional value is not the margin required to hold a futures position.
This NY Harbor fuel benchmark is not a household heating bill, a diesel pump price or crude oil. Delivery location, product specification, taxes and distribution costs matter when comparing a futures reference with a physical purchase.
Further updates should retain the November expiry and compare verified distillate inventories, refinery activity and crude-product price relationships before attributing a cause. Yahoo supplies the delayed quote; CME establishes contract mechanics. AI assistance supported research and calculations. Futures involve leverage and substantial risk, and this observation is not investment advice or an executable offer.