Micro Crude Oil futures will give futures traders of all sizes a smaller, more precise instrument for managing crude oil price exposure. At 1/10 the size of the benchmark WTI futures contract, Micro WTI Crude Oil futures offers the same robust transparency and price discovery of larger WTI futures with smaller day trading margin requirements.
Add more granularity to your energy trading and risk-management strategies by using Micro WTI Crude Oil futures to fine-tune your crude oil market exposure up or down in 100-barrel increments (the size of the contract).
Micro WTI fits in seamlessly with its E-mini WTI and standard WTI futures counterparts, letting you choose the contract size that best suits your goals and exchange positions between contracts as market conditions change or high-demand season nears
Tap into the same features as teh world's most liquid oil contrct, WTI futures, in a smaller-sized contract with smaller margin requirements. That includes nearly 24-hour markets, transparency used by the energy industry worldwide to determine prices, and more.
Watch an educational video to understand the basics of Micro WTI Crude Oil futures, the fundamentals behind the contract, and more.
|NEW MICRO WTI CRUDE OIL FUTURES||E-MINI WTI CRUDE OIL FUTURES||WTI CRUDE OIL FUTURES|
|AVAILABILITY TO TRADE||July 12, 2021||Available now||Available now|
|CONTRACT SIZE||100 barrels||500 barrels||1,000 barrels|
|RATIO TO STANDARD CONTRACT||1/10||1/2||1|
|MINIMUM TICK INCREMENT||$0.01 per barrel||$0.025 per barrel||$0.01 per barrel|
|DOLLAR VALUE OF ONE TICK||$1 per contract||$12.50 per contract||$10 per contract|
|TRADING HOURS||CME Globex: Sun-Fri 5PM to 4PM (CT)Mon-Fri: 60-minute daily trading halt beginning at 4PM (CT)|
Micro WTI Crude Oil futures will be available for trading on CME Globex on July 12, 2021.
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Sunday – Friday 6:00 p.m. – 5:00 p.m. ET with a trading halt from 5:00 p.m. ET – 6:00 p.m. ET.
|PRODUCT NAME||PRODUCT CODE||CONTRACT SIZE||INITIAL MARGIN||MAINTENANCE MARGIN||DAY TRADING MARGIN|
|WTI CRUDE OIL FUTURES||CL||1,000 barrels||$5,830||$5,300||$1,325|
|MICRO WTI CRUDE OIL FUTURES||MCL||100 barrels||$583||$530||$100|
To get started, simply open an Optimus Futures account and fund it with at least $100 via ACH, wire transfer or check. You will get free access to our premier trading platform or you can choose from our vast selection of 3rd party apps where you can buy and sell the CME Group's new WTI Micro Crude Oil futures contract.
We are a customer-focused company, providing clients with dedicated brokerage services with a 24/7 Support Desk through our clearing partners, Phone Support, Live Chat, Knowledge base, YouTube channel with hundreds of tutorials and a trading community where you can interact with like-minded traders.
Pay as little as $0.50 / side no matter how much you trade. High volume traders qualify for even more savings with commissions as low as $0.10 / Side.
Get help from a team that is trained on the CME Group’s Micro contracts with objective guidance and personalized onboarding.
With Live Market Data
Questions? Call us at (561) 367-8686