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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.

Contract Unit

100 Barrels

Futures Contract


CME Globex: MCL

Trading Hours 

CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).

Minimum Price

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.

Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.

Take the next step and open your futures trading account today…