E-mini Crude Oil Futures (QM) | Contract Overview

Q: what is QM E-mini crude oil used for?

E-mini Crude Oil futures (QM) are CME-listed contracts that allow traders to speculate on or hedge price movements in West Texas Intermediate (WTI) crude oil, offering smaller contract size and lower capital exposure than the standard Crude Oil (CL) futures contract.

Q: Where can I see the live price of QM futures?

Live QM futures prices can be viewed on CME Group’s website or through a licensed futures trading platform that provides real-time market data.

Q: How much does QM move if crude oil rises $1?

A $1.00 increase in crude oil equals a $500 gain per QM contract (500 barrels × $1).

Q: What news impacts E-mini Crude Oil futures the most?

Major market-moving events include: Weekly EIA crude inventory reports OPEC production announcements Geopolitical conflicts U.S. dollar movements Global economic data

Q: What is the difference between QM and CL futures?

QM represents 500 barrels of oil, while CL represents 1,000 barrels. QM allows traders to manage position size with lower capital requirements compared to the standard contract.

Q: Can I trade crude oil futures based on news?

Yes, many active traders monitor crude oil news releases and economic reports to anticipate volatility in QM futures.

What is a E-mini Crude Oil Futures Contract?

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.

What are the contract specifications for E-mini Crude Oil Futures?

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.

Product:

E-Mini Crude Oil

Futures Contract Symbol:

Exchange:

CME

Contract Size:

500 barrels

Trading Hours:

Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)

Minimum Price Fluctuation:

0.025 per barrel = $12.50

Contract Months:

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.

Settlement Method:

Financially Settled

Exchange Fees:

$1.20/contract