Commodity ratio · live
Copper Futures to Heating Oil Futures Ratio
The copper futures to heating oil futures ratio is 1.509 — Copper Futures at $6.58 per Pound divided by Heating Oil Futures at $4.36 per Gallan.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Copper Futures to Heating Oil Futures ratio
1.000 Lb of copper futures = 1.509 Gal of heating oil futures
Inverse (HO-FUT/HG-FUT): 0.6626 — one Gallan of heating oil futures buys that much copper futures.
Below its 1 year average. (16th percentile of the last 1 year)
Copper Futures
$6.58
per Pound
Heating Oil Futures
$4.36
per Gallan
Unit basis: USD per Pound ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Pound of copper futures. Prices as of Mon, 24 Aug 2026 10:37:57 GMT.
1Y average
1.924
median 1.931
1Y low
1.113
Mar 22, 2026
1Y high
2.894
Jan 6, 2026
Normal band
1.520–2.329
mean ± 1 std dev
Deviation from mean
-1.03σ
328 observations
Copper Futures to Heating Oil Futures ratio charts
Pick a range once — it applies to the HG-FUT/HO-FUT ratio line, the OHLC candles and the Copper Futures / Heating Oil Futures price chart below.
HG-FUT/HO-FUT ratio line
How many Gal of Heating Oil Futures one Lb of Copper Futures buys, over 1Y.
HG-FUT/HO-FUT ratio candles
Open, high, low and close of the HG-FUT/HO-FUT ratio for each period in the last 1Y.
Copper Futures 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 copper futures to heating oil futures ratio
Copper Futures to Heating Oil Futures ratio = Copper Futures price per Pound ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Pound of copper futures — rather than a plain count.
Worked example, live prices: $6.58 ÷ $4.36 = 1.509. The inverse is 0.6626.
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 copper futures to heating oil futures ratio today?
The copper futures to heating oil futures ratio is 1.509 — Copper Futures at $6.58 per Pound divided by Heating Oil Futures at $4.36 per Gallan, from live mid-market prices.
How do you calculate the copper futures to heating oil futures ratio?
Divide the copper futures price per Pound 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 Pound of copper futures.
What is the inverse of the copper futures to heating oil futures ratio?
The inverse, heating oil futures to copper futures, is 0.6626 — how many Pounds of copper futures one Gallan of heating oil futures buys.