Commodity ratio · live
Heating Oil Futures to Copper Futures Ratio
The heating oil futures to copper futures ratio is 0.6626 — Heating Oil Futures at $4.36 per Gallan divided by Copper Futures at $6.58 per Pound.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Copper Futures ratio
1.000 Gal of heating oil futures = 0.6626 Lb of copper futures
Inverse (HG-FUT/HO-FUT): 1.509 — one Pound of copper futures buys that much heating oil futures.
Above its 1 year average. (84th percentile of the last 1 year)
Heating Oil Futures
$4.36
per Gallan
Copper Futures
$6.58
per Pound
Unit basis: USD per Gallan ÷ USD per Pound. The ratio reads as Pounds of copper futures per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:37:57 GMT.
1Y average
0.5436
median 0.5180
1Y low
0.3455
Jan 6, 2026
1Y high
0.8985
Mar 22, 2026
Normal band
0.4267–0.6605
mean ± 1 std dev
Deviation from mean
+1.02σ
328 observations
Heating Oil Futures to Copper Futures ratio charts
Pick a range once — it applies to the HO-FUT/HG-FUT ratio line, the OHLC candles and the Heating Oil Futures / Copper Futures price chart below.
HO-FUT/HG-FUT ratio line
How many Lb of Copper Futures one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/HG-FUT ratio candles
Open, high, low and close of the HO-FUT/HG-FUT ratio for each period in the last 1Y.
Heating Oil Futures and Copper Futures 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 copper futures ratio
Heating Oil Futures to Copper Futures ratio = Heating Oil Futures price per Gallan ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.36 ÷ $6.58 = 0.6626. The inverse is 1.509.
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 heating oil futures to copper futures ratio today?
The heating oil futures to copper futures ratio is 0.6626 — Heating Oil Futures at $4.36 per Gallan divided by Copper Futures at $6.58 per Pound, from live mid-market prices.
How do you calculate the heating oil futures to copper futures ratio?
Divide the heating oil futures price per Gallan by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Gallan of heating oil futures.
What is the inverse of the heating oil futures to copper futures ratio?
The inverse, copper futures to heating oil futures, is 1.509 — how many Gallans of heating oil futures one Pound of copper futures buys.