Commodity ratio · live
Bitumen to Heating Oil Futures Ratio
The bitumen to heating oil futures ratio is 1040 — Bitumen at $4,544.00 per Metric Ton divided by Heating Oil Futures at $4.37 per Gallan.
Prices as of Aug 24, 2026, 10:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Bitumen to Heating Oil Futures ratio
1.000 T of bitumen = 1,039.8 Gal of heating oil futures
Inverse (HO-FUT/BIT): 0.0009617 — one Gallan of heating oil futures buys that much bitumen.
Below its 1 year average. (17th percentile of the last 1 year)
Bitumen
¥4,544.00
per Metric Ton
Heating Oil Futures
$4.37
per Gallan
Unit basis: CNY per Metric Ton ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Metric Ton of bitumen. Prices as of Mon, 24 Aug 2026 10:29:48 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
1233
median 1242
1Y low
869.1
Mar 7, 2026
1Y high
1571
Aug 31, 2025
Normal band
1067–1398
mean ± 1 std dev
Deviation from mean
-1.16σ
302 observations
Bitumen to Heating Oil Futures ratio charts
Pick a range once — it applies to the BIT/HO-FUT ratio line, the OHLC candles and the Bitumen / Heating Oil Futures price chart below.
BIT/HO-FUT ratio line
How many Gal of Heating Oil Futures one T of Bitumen buys, over 1Y.
BIT/HO-FUT ratio candles
Open, high, low and close of the BIT/HO-FUT ratio for each period in the last 1Y.
Bitumen and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the bitumen to heating oil futures ratio
Bitumen to Heating Oil Futures ratio = Bitumen price per Metric Ton ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Metric Ton of bitumen — rather than a plain count.
Worked example, live prices: $4,544.00 ÷ $4.37 = 1040. The inverse is 0.0009617.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the bitumen to heating oil futures ratio today?
The bitumen to heating oil futures ratio is 1040 — Bitumen at $4,544.00 per Metric Ton divided by Heating Oil Futures at $4.37 per Gallan, from live mid-market prices.
How do you calculate the bitumen to heating oil futures ratio?
Divide the bitumen price per Metric Ton by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Metric Ton of bitumen.
What is the inverse of the bitumen to heating oil futures ratio?
The inverse, heating oil futures to bitumen, is 0.0009617 — how many Metric Tons of bitumen one Gallan of heating oil futures buys.