Micro WTI Crude Oil futures are designed to give active traders a smaller, more precise instrument to manage crude oil price exposure. At 1/10 the size of the global benchmark WTI futures contract, Micro WTI Crude Oil (MCL) futures offer the same robust transparency and price discovery of larger WTI futures with smaller margin requirements.
WTI crude oil - WTI crude oil represents West Texas Intermediate (WTI), or light sweet crude oil that is stored and distributed in Cushing, Oklahoma and has long been a worldwide benchmark for oil prices. Learn more about WTI and its role in the global oil marketplace.
Get the same features as the largest WTI Crude Oil futures contract, at 1/10 of the size of the benchmark contract and cash-settled to the larger contract’s price. This expands access to oil opportunities to traders of all sizes.
Add more granularity to your energy trading and risk-management strategies by using Micro WTI Crude Oil futures to fine-tune your crude oil market exposure up or down in 100-barrel increments (the size of one MCL contract).
Tap into the same features as the world’s most liquid oil contract, WTI futures, with a smaller contract that has smaller margin requirements. Get the same access to nearly 24-hour markets, transparency used by the energy industry worldwide to determine prices, and more.
Questions on Micro WTI futures? We have answers here.
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Our educational video will help you get to know Micro WTI futures with an overview of key contract features, a potential strategy for hedging an oil options position using Micro WTI futures, and more.
|NEW Micro WTI Crude Oil futures||E-mini WTI Crude Oil futures||WTI Crude Oil futures|
|CONTRACT SIZE||100 barrels||500 barrels||1,000 barrels|
|RATIO TO STANDARD CONTRACT||1/10||1/2||1(standard)|
|MINIMUM TICK/ PRICE FLUCTUATION||$0.01 per barrel||$0.025 per barrel||$0.01 per barrel|
|DOLLAR VALUE OF ONE TICK||$1 per contract||$12.50 per contract||$10 per contract|
CME Globex: Sun-Fri: 5 p.m. to 4 p.m.
Mon-Fri: 60-minute daily trading halt beginning at 4 p.m. CT
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