Product Overview

What are E-mini Crude Oil futures?

E-mini Crude oil futures contracts are half the size of the full size WTI Crude Oil contract that consists of the West Texas Intermediate, (WTI) or light sweet crude oil that is stored and distributed in Cushing, Oklahoma and has long been a benchmark for oil prices. 

Why would you want to trade E-mini Crude Oil futures?

  1. Allows traders to take advantage of the Crude oil market with a lower margin requirement than the full size contract.
  2. Can be volatile, subject to swift price swings due to geopolitical, production and weather events.
  3. Allows traders to gain exposure in relatively straightforward manner compared to ETF counterparts.

How do you trade E-mini Crude Oil futures?

Energy futures markets allow traders to hedge the risk they may carry in their equity portfolio or jump to opportunities triggered by economic, political or weather events.  

They offer instant exposure to the underlying commodity of your choice, whether it's crude oil, natural gas, gasoline or heating oil.

Ready to get started trading futures?  You'll need to open an account with a broker.  Click Here to View a Broker List

Contract Specifications


Contract Month

All

Trading Hours

5:00pm – 4:00pm (Sun–Fri) CT with a 60-minute break each day beginning at 4:00pm CT

Product

E-mini WTI Crude Oil

Contract Size

500 barrels

Trading Venue

CME offers electronic trading almost 24/6

Minimum Tick

$0.025 per barrel

Product Symbol

QM

Dollar Value of One Tick

$12.50 U.S. Dollars

Price Limit or Circuit

Price Limits

Settlement Method

Financially Settled

Options Available

None

Termination of Trading

Trading terminates 4 business days prior to the 25th calendar day of the month prior to the contract month (1 business day prior to the termination of trading in Light Sweet Crude Oil Futures).

Contract Specifications


Product Name

Options Expirations

Options Symbol

Trading Venue

Trading Hours

5:00pm – 4:00pm (Sun–Fri) CT with a 60-minute break each day beginning at 4:00pm CT

Type Of Expiration

Minimum Tick Size

E-mini WTI Crude Oil QM Price

Open
High
Low
Change
% Change
Volume
( )
Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

Futures Calendar

19 FEB Last Trade
E-MINI CRUDE OIL FUTURES
QMH21
19 MAR Last Trade
E-MINI CRUDE OIL FUTURES
QMJ21
19 APR Last Trade
E-MINI CRUDE OIL FUTURES
QMK21
Price Action Alerts Source Redsky Markets