Commodity ratio · live
Heating Oil Futures to Nickel Futures Ratio
The heating oil futures to nickel futures ratio is 0.0002564 — Heating Oil Futures at $4.36 per Gallan divided by Nickel Futures at $17,002.38 per Metric Ton.
Prices as of Aug 24, 2026, 10:39 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Nickel Futures ratio
1.000 Gal of heating oil futures = 0.0002564 T of nickel futures
Inverse (NICKEL-FUT/HO-FUT): 3900 — one Metric Ton of nickel futures 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
$4.36
per Gallan
Nickel Futures
$17,002.38
per Metric Ton
Unit basis: USD per Gallan ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:39:01 GMT.
1Y average
0.0001856
median 0.0001838
1Y low
0.0001091
Jan 7, 2026
1Y high
0.0002799
Mar 20, 2026
Normal band
0.0001441–0.0002271
mean ± 1 std dev
Deviation from mean
+1.71σ
328 observations
Heating Oil Futures to Nickel Futures ratio charts
Pick a range once — it applies to the HO-FUT/NICKEL-FUT ratio line, the OHLC candles and the Heating Oil Futures / Nickel Futures price chart below.
HO-FUT/NICKEL-FUT ratio line
How many T of Nickel Futures one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/NICKEL-FUT ratio candles
Open, high, low and close of the HO-FUT/NICKEL-FUT ratio for each period in the last 1Y.
Heating Oil Futures and Nickel 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 nickel futures ratio
Heating Oil Futures to Nickel Futures ratio = Heating Oil Futures price per Gallan ÷ Nickel Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of nickel futures per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.36 ÷ $17,002.38 = 0.0002564. The inverse is 3900.
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 nickel futures ratio today?
The heating oil futures to nickel futures ratio is 0.0002564 — Heating Oil Futures at $4.36 per Gallan divided by Nickel Futures at $17,002.38 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to nickel futures ratio?
Divide the heating oil futures price per Gallan by the nickel futures 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 nickel futures per Gallan of heating oil futures.
What is the inverse of the heating oil futures to nickel futures ratio?
The inverse, nickel futures to heating oil futures, is 3900 — how many Gallans of heating oil futures one Metric Ton of nickel futures buys.