CL
QM
MCL
LO
MCO

ENERGIZE YOUR PORTFOLIO WITH

WTI Crude Oil Futures

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.

NOTIONAL EST.

$5,953

MARGIN EST

$603

100 barrels

Small
LARGE
QM

Half the contract size of CL, delivering all the benefits of futures.

NOTIONAL EST.

$29,775

MARGIN EST

$3,014

500 barrels

Small
LARGE
CL

Our largest contract and the world’s crude oil pricing benchmark.

NOTIONAL EST.

$59,550

MARGIN EST

$6,008

1,000 barrels

Small
LARGE
MCO

Smaller contracts that bring greater flexibility for capturing opportunities.

DAILY expirations

Monday-Friday

1 MCL contract

Small
LARGE
LO

Add flexibility for trading the most liquid oil market in our flagship size, with a choice of Weekly options.

Daily expirations

Monday-Friday

1 CL futures contract

Small
LARGE

USD notional and margin estimates as of May 8, 2025, 9:00 a.m. CDT 

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

Don’t just trade: Evolve. Try out different Crude Oil products risk-free in our trading simulator. Practice trading and test strategies using real market data before you commit any capital.

Get started with Crude Oil futures and options

When you’re ready to start trading, you’ll need a futures account. 

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.

Are traders buying and holding or selling off risk exposure? Track the contracts that matter most to you.

How are traders with the largest Oil positions changing their holdings? Chart and track bi-monthly data.

Browse a calendar view of Crude Oil option expirations and quickly view the contract details you need to trade with confidence.

A few times a year in the days before OPEC+ meetings, inform your oil trading decisions using market-based probabilities to predict meeting outcomes. 

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.

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