CL — WTI Crude Oil Futures
CL has a minimum price movement of 0.01 points, worth $10.00 per contract. One full point equals $1,000.00 per contract.
Last verified 2026-08-26Official exchange specification ↗
Contract specifications
| Symbol | CL |
|---|---|
| Exchange | NYMEX |
| Contract multiplier | 1000 |
| Tick size | 0.01 points |
| Tick value | $10.00 |
| Point value | $1,000.00 |
| Trading hours | Sunday–Friday, 5:00 p.m.–4:00 p.m. CT, with a daily 60-minute maintenance break. |
| Contract months | Monthly |
| Settlement | Physical delivery |
| Currency | USD |
| Micro / parent | MCL |
Ten ticks in CL
A 0.1-point move equals 10 ticks. For one contract, 10 × $10.00 = $100.00 before commissions and slippage.
Calculate another move →Margin and risk
Exchange and broker margin can change and is not the maximum possible loss. Determine position size from the dollar loss at a predefined stop, not solely from the number of contracts margin permits.
Inventory reports, geopolitics, and contract expiration can cause abrupt price movement.