Micro Crude Oil Futures Contract
1/10 the size (100 barrels) of the NYMEX WTI Light Sweet Crude Oil futures contract (CL). It is the most efficient way to trade today’s global oil markets. WTI (West Texas Intermediate) is a light, sweet crude oil blend. ‘Light’ refers to its low density and sulfur content, ideal for conversion to gasoline and diesel fuel.
Learn how to trade Micro Crude Oil Futures with our step-by-step guide.
Contract Unit
100 Barrels
Futures Contract
Symbol
CME Globex: MCL
Trading Hours
CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).
Minimum Price
Fluctuation
0.01 per barrel = $1.00
Contract Months
All 12 months
Settlement Method
Cash settled
Price Limit / Circuit
Source: CME Group
The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.
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