MCL

Micro Crude Oil (MCL) Futures Contract Specifications

Energy

Micro Crude Oil Futures (MCL) are 1/10th the size of the standard Crude Oil contract, making oil trading accessible to smaller accounts. They provide the same exposure to light, sweet crude oil with reduced capital requirements.

Contract Specifications

Detailed specifications for trading this futures contract

Contract Size

100 U.S. barrels (4,200 gallons)

Tick Size

0.01 per barrel ($0.01)

Tick Value

$1.00 per tick

Point Value

$100.00 per point ($1 per barrel)

Trading Hours

Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT)

Platform Symbol

MCL

Margins

Check with your broker for the latest margin rates and details

Why Trade Micro Crude Oil (MCL) Futures?

Key benefits and characteristics of this futures contract

1/10th the size of standard Crude Oil contract

Lower margin requirements

High liquidity and volatility

Ideal for smaller accounts and beginners

Extended trading hours

Global economic indicator

Position Sizing for Micro Crude Oil (MCL) Futures

Example calculation for proper position sizing based on risk tolerance

For Micro Crude Oil (MCL):

Tick Size: 0.01 per barrel ($0.01)

Tick Value: $1.00 per tick

Point Value: $100.00 per point ($1 per barrel)

If you want to risk $500 with a 0.5-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 0.5 × 100.00 ($1 per barrel) = $ 50

Maximum Contracts = Risk Amount ÷ Risk per Contract = $ 500 ÷ $ 50 = 10 contract s