Commodity ratio · live
Heating Oil Futures to Cobalt Ratio
The heating oil futures to cobalt ratio is 0.00007817 — Heating Oil Futures at $4.40 per Gallan divided by Cobalt at $56,290.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:14 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Cobalt ratio
1.000 Gal of heating oil futures = 0.00007817 T of cobalt
Inverse (COB/HO-FUT): 12793 — one Metric Ton of cobalt buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (95th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Cobalt
$56,290.00
per Metric Ton
Unit basis: USD per Gallan ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:14:27 GMT.
1Y average
0.00005966
median 0.00006253
1Y low
0.00003642
Jan 7, 2026
1Y high
0.00008367
Mar 20, 2026
Normal band
0.00004703–0.00007230
mean ± 1 std dev
Deviation from mean
+1.46σ
327 observations
Heating Oil Futures to Cobalt ratio charts
Pick a range once — it applies to the HO-FUT/COB ratio line, the OHLC candles and the Heating Oil Futures / Cobalt price chart below.
HO-FUT/COB ratio line
How many T of Cobalt one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/COB ratio candles
Open, high, low and close of the HO-FUT/COB ratio for each period in the last 1Y.
Heating Oil Futures and Cobalt prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the heating oil futures to cobalt ratio
Heating Oil Futures to Cobalt ratio = Heating Oil Futures price per Gallan ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $56,290.00 = 0.00007817. The inverse is 12793.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the heating oil futures to cobalt ratio today?
The heating oil futures to cobalt ratio is 0.00007817 — Heating Oil Futures at $4.40 per Gallan divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to cobalt ratio?
Divide the heating oil futures price per Gallan by the cobalt price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of cobalt per Gallan of heating oil futures.
What is the inverse of the heating oil futures to cobalt ratio?
The inverse, cobalt to heating oil futures, is 12793 — how many Gallans of heating oil futures one Metric Ton of cobalt buys.