Category
Energy
Exchange
NYMEX (CME Group)
Contract Size
100 barrels (1/10th of CL)
Symbol
MCL
Micro WTI Crude Oil (MCL) makes crude oil accessible at one-tenth the standard contract size. Ideal for retail traders who want crude oil exposure without the capital intensity of the full CL contract.
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Same as CL: Sun 18:00 – Fri 17:00 ET with daily halt 17:00–18:00 ET.
Day trading margins as low as $250–$500. Exchange maintenance margin ~$600–$800.
Brent Crude Oil futures are the international benchmark for crude oil pricing, used to price roughly two-thirds of the world's traded oil. While WTI is landlocked (Cushing, OK delivery), Brent reflects seaborne crude pricing. The Brent-WTI spread is one of the most actively traded energy spreads.
WTI Crude Oil futures (CL) are the world's most actively traded energy contracts and a global benchmark for oil prices. Each tick ($0.01/barrel) is worth $10 on a 1,000-barrel contract. WTI is essential for energy traders, macro traders, and anyone trading inflation or geopolitical risk. Average daily volume exceeds 1 million contracts.
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