New York Harbor Ultra Low Sulfur Diesel

New York Harbor Ultra Low Sulfur Diesel Meaning:
In commodity market terminology, New York Harbor Ultra Low Sulfur Diesel refers to a diesel fuel futures contract traded on the New York Mercantile Exchange or NYMEX. Ultra Low Sulfur Diesel is the new standard for highway diesel fuel in the United States as of December, 2010.

New York Harbor Ultra Low Sulfur Diesel Example:
The NYMEX’s New York Harbor Ultra Low Sulfur Diesel futures contract trades under the symbol LH and its base unit is 1,000 barrels or 42,000 U.S. gallons. Contracts are also traded on the CME’s Globex electronic trading platform. Delivery on the contract is into New York Harbor at a variety of injection stations.