MCL — Micro WTI Crude Oil Futures
MCL has a minimum price movement of 0.01 points, worth $1.00 per contract. One full point equals $100.00 per contract.
Last verified 2026-08-26Official exchange specification ↗
Contract specifications
| Symbol | MCL |
|---|---|
| Exchange | NYMEX |
| Contract multiplier | 100 |
| Tick size | 0.01 points |
| Tick value | $1.00 |
| Point value | $100.00 |
| Trading hours | Sunday–Friday, 5:00 p.m.–4:00 p.m. CT, with a daily 60-minute maintenance break. |
| Contract months | Monthly |
| Settlement | Financially settled |
| Currency | USD |
| Micro / parent | CL |
Ten ticks in MCL
A 0.1-point move equals 10 ticks. For one contract, 10 × $1.00 = $10.00 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.
MCL reduces contract size, but energy prices can still gap through stop levels.