Find the right WTI Crude product for you
Take control over how much crude oil you trade. Choose from a variety of flexible contract sizes and expirations designed to suit individuals and institutions alike, all based on the world’s leading oil benchmark, WTI.
MCL
One-tenth the contract size of CL, our smallest oil contract expands market access.
QM
Half the contract size of CL, delivering all the benefits of futures.
MCO
Smaller contracts that bring greater flexibility for capturing opportunities.
LO
Add flexibility for trading the most liquid oil market in our flagship size, with a choice of Weekly options.
USD notional and margin estimates as of May 8, 2025, 9:00 a.m. CT
What is WTI?
West Texas Intermediate (WTI) is a U.S. oil blend exported all over the world and widely used to gauge global oil prices.
Test-drive Crude Oil futures
Enhance your crude oil trading skills and discover new opportunities with real market data in our risk-free Trading Simulator.
Turn curiosity into confidence: Join a Challenge
Learn, practice and compete against your peers as you test your trading strategies. Our pro-level Trading Simulator allows you to use real-world data without risking capital, getting one step closer to trading our products.
Get started with Crude Oil futures and options
When you’re ready to start trading, you’ll need a futures account.
Featured Brokers*
Please note: The list is provided solely for informational purposes and is not an endorsement of any particular broker. It is not verification of legal registration, the broker's status or the firm's ability to solicit or carry customer accounts. Read additional important considerations about the brokers found on and off of this list.
Analyze to make better trades
Information is power. Use our professional-grade analytical tools to gain oil market insights that can enhance how you view and build trades.
Learn about trading Crude
Savvy traders stay on top of evolving markets. Find the latest analysis on today’s markets or do a deep dive on essential crude oil fundamentals.
