An E-mini Crude Oil futures contract (Ticker: QM) is a CME-traded contract representing 500 barrels of West Texas Intermediate (WTI) crude oil, the primary U.S. benchmark for oil pricing. As a smaller alternative to the standard 1,000-barrel Crude Oil (CL) contract, QM provides leveraged exposure to WTI price movements with reduced capital requirements. These standardized contracts are widely used for short-term trading, hedging, and broader energy market participation.
E-mini Crude Oil futures (Ticker: QM) are CME-traded contracts representing 500 barrels of West Texas Intermediate (WTI) crude oil. The minimum price fluctuation is $0.025 per barrel, equal to $12.50 per tick. Contracts are financially settled and trade nearly 24 hours per day on CME Globex, with margin requirements set by the exchange and the clearing firm.
E-Mini Crude Oil
QM
CME
500 barrels
Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
0.025 per barrel = $12.50
Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Financially Settled
Day Trading Margins
Overnight Margins
Other contracts can be found on our margins page.
Source: CME
The above information is derived from sources believed to be accurate. It is provided without guarantees and is subject change without notice.
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