Commodity ratio · live
Heating Oil Futures to Urea Ratio
The heating oil futures to urea ratio is 0.01076 — Heating Oil Futures at $4.40 per Gallan divided by Urea at $409.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:20 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Urea ratio
1.000 Gal of heating oil futures = 0.01076 T of urea
Inverse (UREA/HO-FUT): 92.95 — one Metric Ton of urea buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (96th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Urea
$409.00
per Metric Ton
Unit basis: USD per Gallan ÷ USD per Metric Ton. The ratio reads as Metric Tons of urea per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:20:58 GMT.
1Y average
0.006947
median 0.006343
1Y low
0.004642
Apr 17, 2026
1Y high
0.01163
Aug 16, 2026
Normal band
0.005361–0.008534
mean ± 1 std dev
Deviation from mean
+2.40σ
326 observations
Heating Oil Futures to Urea ratio charts
Pick a range once — it applies to the HO-FUT/UREA ratio line, the OHLC candles and the Heating Oil Futures / Urea price chart below.
HO-FUT/UREA ratio line
How many T of Urea one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/UREA ratio candles
Open, high, low and close of the HO-FUT/UREA ratio for each period in the last 1Y.
Heating Oil Futures and Urea 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 urea ratio
Heating Oil Futures to Urea ratio = Heating Oil Futures price per Gallan ÷ Urea price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of urea per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $409.00 = 0.01076. The inverse is 92.95.
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 urea ratio today?
The heating oil futures to urea ratio is 0.01076 — Heating Oil Futures at $4.40 per Gallan divided by Urea at $409.00 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to urea ratio?
Divide the heating oil futures price per Gallan by the urea 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 urea per Gallan of heating oil futures.
What is the inverse of the heating oil futures to urea ratio?
The inverse, urea to heating oil futures, is 92.95 — how many Gallans of heating oil futures one Metric Ton of urea buys.