Micro WTI Crude Oil

Futures and Options
Globex Code
MCLJ5
Last
67.20
Change
+0.65 (+0.98%)
Volume
34,317
Last Updated16 Mar 2025 05:23:06 AM CT.
Market data is delayed by at least 10 minutes

Micro WTI Crude Oil Futures - Contract Specs

Contract Unit
100 barrels
Price Quotation
U.S. dollars and cents per barrel
Trading Hours
CME Globex:
Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME ClearPort:
Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT
Minimum Price Fluctuation
0.01 per barrel = $1.00
Product Code
CME Globex: MCL
CME ClearPort: MCL
Clearing: MCL
TAS: MCT
Listed Contracts
Monthly contracts listed for the current year and the next 3 calendar years.  List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method
Financially Settled
Floating Price
The Floating Price for each contract month will be equal to the Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for the Micro WTI Crude Oil Futures contract month.
Termination of Trading
Trading terminates 1 business day before the corresponding CL contract month or 4 business days before the 25th calendar of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 5 business days before the 25th calendar day of the month prior to the contract month.
TAM or TAS Rules
Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.

TAS Table
Settlement Procedures
Position Limits
Exchange Rulebook
Block Minimum
Price Limit or Circuit
Vendor Codes

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