Micro Crude Oil Futures (MCL) | Contract Overview

The ticker symbol for Micro WTI Crude Oil futures is MCL. It trades electronically on CME Globex.

Each Micro Crude Oil futures contract represents 100 barrels of WTI crude oil, compared to 1,000 barrels for the standard CL contract.

• Minimum tick size: $0.01 per barrel

• Tick value: $1 per tick

Every $1.00 move in oil equals $100 per MCL contract.

Micro Crude Oil futures are listed on the CME Group (NYMEX division) and trade nearly 24 hours per day on CME Globex.

MCL offers reduced exposure and more precise position sizing.

Traders choose MCL for:

• Lower capital requirements

• Precise risk management

• Easier scaling in and out

• Reduced dollar volatility

It allows participation in the oil market without full-size exposure.

The U.S. Energy Information Administration (EIA) releases its weekly petroleum status report on Wednesdays at 10:30 AM Eastern Time, often causing increased volatility in oil futures.

Micro Crude (MCL) tracks WTI crude oil, which is U.S.-based and delivered in Cushing, Oklahoma. Brent crude (BZ) reflects global oil pricing tied to North Sea production.

To trade Micro Crude Oil futures, open a futures trading account with a registered brokerage firm, complete required documentation, meet margin requirements, and access the contract through an approved trading platform.

For account setup and current margin information, visit lpfutures.com or contact Lincoln Park Financial.