All About The Heating Oil ETF (UHN)
For the majority of people, heating oil is usually associated with the boilers and furnaces that are used to heat homes and businesses. The fuel is especially popular in parts of Northeastern U.S. and Canada, where natural gas and propane are either inaccessible or too expensive. But because heating oil is a low-viscosity petroleum product that is derived from crude oil, its prices are often closely tied to WTI crude. Furthermore, heating oil accounts for about 25% of the yield of a barrel of crude, the second largest allocation after gasoline [for more energy news and analysis subscribe to our free newsletter].
Posted in Asset Allocation, Commodity ETF Analysis, Commodity ETFs, Commodity Futures, Energy, Heating Oil
Tagged UHN
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