NYMEX diesel June futures settle at $2.0794 a gallon.

NYMEX diesel June futures settle at $2.0794 a gallon.

On May 28, 2025, NYMEX diesel futures for the month of June settled at $2.0794 per gallon. This marks a notable development in the energy markets, reflecting the ongoing dynamics of global oil and gas pricing.

NYMEX, a division of the CME Group, is a leading global exchange for energy futures. The diesel futures contract, traded in 94 different countries, provides a robust platform for market participants to hedge against price volatility and manage risk. The contract unit is 42,000 gallons, with prices quoted in U.S. dollars and cents per gallon [1].

The settlement price of $2.0794 per gallon is a significant indicator of the current market conditions for diesel fuel. It reflects the interplay of supply and demand factors, geopolitical events, and macroeconomic conditions that influence the energy sector. The volatility of the market, as measured by the CME Group Volatility Index (CVOLTM), is a crucial factor in understanding the pricing dynamics. The CVOLTM provides a robust measure of 30-day implied volatility derived from options on NY Harbor ULSD futures [1].

The diesel futures market has seen substantial growth in recent years, with average daily volumes exceeding 170,000 contracts per month in 2019. This growth underscores the importance of diesel as a critical fuel source, particularly in transportation and industrial sectors [1].

In addition to the diesel futures, the CME Group offers a range of energy products, including heating oil futures and options. These products provide market participants with tools to manage risk and capitalize on market opportunities. The CME Group's Interactive Expiration Calendar and Open Interest Profile Tool are valuable resources for tracking market activity and making informed trading decisions [1].

As the energy market continues to evolve, the settlement of NYMEX diesel futures at $2.0794 per gallon serves as a critical data point for investors and financial professionals. The ability to access real-time trade flow and analyze market trends through the CME Group's suite of tools is essential for navigating the complex landscape of energy markets.

References:
[1] CME Group. (n.d.). Heating Oil. Retrieved from https://www.cmegroup.com/markets/energy/refined-products/heating-oil.html