Commodity ratio · live
Nickel Futures to Heating Oil Futures Ratio
The nickel futures to heating oil futures ratio is 3900 — Nickel Futures at $17,002.38 per Metric Ton divided by Heating Oil Futures at $4.36 per Gallan.
Prices as of Aug 24, 2026, 10:39 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Heating Oil Futures ratio
1.000 T of nickel futures = 3,899.6 Gal of heating oil futures
Inverse (HO-FUT/NICKEL-FUT): 0.0002564 — one Gallan of heating oil futures buys that much nickel futures.
Near the bottom of its 1 year range — historically compressed. (5th percentile of the last 1 year)
Nickel Futures
$17,002.38
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 nickel futures. Prices as of Mon, 24 Aug 2026 10:39:01 GMT.
1Y average
5662
median 5441
1Y low
3573
Mar 20, 2026
1Y high
9166
Jan 7, 2026
Normal band
4409–6915
mean ± 1 std dev
Deviation from mean
-1.41σ
328 observations
Nickel Futures to Heating Oil Futures ratio charts
Pick a range once — it applies to the NICKEL-FUT/HO-FUT ratio line, the OHLC candles and the Nickel Futures / Heating Oil Futures price chart below.
NICKEL-FUT/HO-FUT ratio line
How many Gal of Heating Oil Futures one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/HO-FUT ratio candles
Open, high, low and close of the NICKEL-FUT/HO-FUT ratio for each period in the last 1Y.
Nickel Futures 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 nickel futures to heating oil futures ratio
Nickel Futures to Heating Oil Futures ratio = Nickel Futures 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 nickel futures — rather than a plain count.
Worked example, live prices: $17,002.38 ÷ $4.36 = 3900. The inverse is 0.0002564.
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 nickel futures to heating oil futures ratio today?
The nickel futures to heating oil futures ratio is 3900 — Nickel Futures at $17,002.38 per Metric Ton divided by Heating Oil Futures at $4.36 per Gallan, from live mid-market prices.
How do you calculate the nickel futures to heating oil futures ratio?
Divide the nickel futures 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 nickel futures.
What is the inverse of the nickel futures to heating oil futures ratio?
The inverse, heating oil futures to nickel futures, is 0.0002564 — how many Metric Tons of nickel futures one Gallan of heating oil futures buys.