LoggingTradesMCL contract specs
| Contract | Micro WTI Crude Oil (MCL) |
|---|---|
| Exchange | NYMEX (CME Group) |
| Contract size | 100 barrels of WTI crude |
| Tick size | 0.01 |
| Tick value | $1 |
| Point value | $100 |
| Typical session | Sunday–Friday, 6:00 p.m.–5:00 p.m. ET (5:00 p.m.–4:00 p.m. CT) on CME Globex, with a daily break from 5:00 p.m. to 6:00 p.m. ET. Holiday hours differ. |
Specs as listed by CME Group; confirm with your broker. Margin requirements vary by broker and prop firm, so they are not listed here.
MCL tick value in dollars
MCL is WTI crude at one-tenth of CL (100 barrels). A cent is $1, so it keeps crude’s volatility but lets you size to a small account or tight drawdown.
Worked example. You buy 1 MCL at 70 and sell at 71. The move is 1 price units, which is 100 ticks. At $1 per tick that is $100 per contract; trading 2 contracts doubles it to $200. A stop the same distance away would cost the same amount, which is why you should convert every stop into dollars before you enter.
Micro vs mini
MCL is the micro version of CL (Crude Oil) at one-tenth the size: a tick is $1 instead of $10. Ten MCL contracts equal one CL in dollar exposure, so a $1,000 CL result on the same move would be $100 here.
To turn a stop distance into a contract count, use the position size calculator. Inside a prop-firm evaluation, check the result against the drawdown with the prop firm challenge calculator, and read the micro vs mini futures guide.
FAQ
What is the MCL tick value?
One MCL tick is 0.01 and is worth $1 per contract. One full point is $100 per contract.
How many ticks are in a point for MCL?
100 ticks per point, because the minimum price increment is 0.01.
How much do I make or lose on a 100-tick MCL move?
100 ticks × $1 = $100 per contract, before commissions and fees. With 3 contracts that is $300.
When does MCL trade?
MCL trades on CME Globex Sunday–Friday, 6:00 p.m.–5:00 p.m. ET (5:00 p.m.–4:00 p.m. CT) on CME Globex, with a daily break from 5:00 p.m. to 6:00 p.m. ET. Holiday hours differ. Confirm current hours with your broker and CME Group.