Commodity ratio · live
Heating Oil Futures to Iron Ore Ratio
The heating oil futures to iron ore ratio is 0.04291 — Heating Oil Futures at $4.36 per Gallan divided by Iron Ore at $101.60 per Metric Ton.
Prices as of Aug 24, 2026, 10:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Iron Ore ratio
1.000 Gal of heating oil futures = 0.04291 T of iron ore
Inverse (IORECR/HO-FUT): 23.30 — one Metric Ton of iron ore buys that much heating oil futures.
Heating Oil Futures
$4.36
per Gallan
Iron Ore
$101.60
per Metric Ton
Unit basis: USD per Gallan ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:33:53 GMT.
Heating Oil Futures to Iron Ore ratio charts
Pick a range once — it applies to the HO-FUT/IORECR ratio line, the OHLC candles and the Heating Oil Futures / Iron Ore price chart below.
HO-FUT/IORECR ratio line
How many T of Iron Ore one Gal of Heating Oil Futures buys, over 1Y.
No overlapping history for HO-FUT/IORECR over 1Y. Try a longer range.
HO-FUT/IORECR ratio candles
Open, high, low and close of the HO-FUT/IORECR ratio for each period in the last 1Y.
No overlapping history for HO-FUT/IORECR over 1Y. Try a longer range.
Heating Oil Futures and Iron Ore 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 iron ore ratio
Heating Oil Futures to Iron Ore ratio = Heating Oil Futures price per Gallan ÷ Iron Ore price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.36 ÷ $101.60 = 0.04291. The inverse is 23.30.
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 iron ore ratio today?
The heating oil futures to iron ore ratio is 0.04291 — Heating Oil Futures at $4.36 per Gallan divided by Iron Ore at $101.60 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to iron ore ratio?
Divide the heating oil futures price per Gallan by the iron ore 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 iron ore per Gallan of heating oil futures.
What is the inverse of the heating oil futures to iron ore ratio?
The inverse, iron ore to heating oil futures, is 23.30 — how many Gallans of heating oil futures one Metric Ton of iron ore buys.