Commodity ratio · live
Iron Ore to Heating Oil Futures Ratio
The iron ore to heating oil futures ratio is 23.30 — Iron Ore at $101.60 per Metric Ton divided by Heating Oil Futures at $4.36 per Gallan.
Prices as of Aug 24, 2026, 10:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Iron Ore to Heating Oil Futures ratio
1.000 T of iron ore = 23.303 Gal of heating oil futures
Inverse (HO-FUT/IORECR): 0.04291 — one Gallan of heating oil futures buys that much iron ore.
Iron Ore
$101.60
per Metric Ton
Heating Oil Futures
$4.36
per Gallan
Unit basis: USD per Metric Ton ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Metric Ton of iron ore. Prices as of Mon, 24 Aug 2026 10:33:53 GMT.
Iron Ore to Heating Oil Futures ratio charts
Pick a range once — it applies to the IORECR/HO-FUT ratio line, the OHLC candles and the Iron Ore / Heating Oil Futures price chart below.
IORECR/HO-FUT ratio line
How many Gal of Heating Oil Futures one T of Iron Ore buys, over 1Y.
No overlapping history for IORECR/HO-FUT over 1Y. Try a longer range.
IORECR/HO-FUT ratio candles
Open, high, low and close of the IORECR/HO-FUT ratio for each period in the last 1Y.
No overlapping history for IORECR/HO-FUT over 1Y. Try a longer range.
Iron Ore and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the iron ore to heating oil futures ratio
Iron Ore to Heating Oil Futures ratio = Iron Ore price per Metric Ton ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Metric Ton of iron ore — rather than a plain count.
Worked example, live prices: $101.60 ÷ $4.36 = 23.30. The inverse is 0.04291.
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 iron ore to heating oil futures ratio today?
The iron ore to heating oil futures ratio is 23.30 — Iron Ore at $101.60 per Metric Ton divided by Heating Oil Futures at $4.36 per Gallan, from live mid-market prices.
How do you calculate the iron ore to heating oil futures ratio?
Divide the iron ore price per Metric Ton by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Metric Ton of iron ore.
What is the inverse of the iron ore to heating oil futures ratio?
The inverse, heating oil futures to iron ore, is 0.04291 — how many Metric Tons of iron ore one Gallan of heating oil futures buys.