Micro Crude Oil futures
Explore the power and precision of trading a smaller oil contract
Introducing Micro Crude Oil futures from CME Group
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.
Key Benefits and Features
Precisely scale oil exposure
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).
Manage positions with more versatility
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
Add access and capital efficienecy
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.
Learn about Micro WTI Crude Oil futures
Watch an educational video to understand the basics of Micro WTI Crude Oil futures, the fundamentals behind the contract, and more.
Micro WTI Crude Oil futures Vs. Standard-sized WTI Crude Oil contracts
| 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 |
| PRODUCT CODE | MCL | QM | CL |
| SETTLEMENT | Financial | Financial | PHYSICAL |
| TRADING HOURS | CME Globex: Sun-Fri 5PM to 4PM (CT)Mon-Fri: 60-minute daily trading halt beginning at 4PM (CT) | ||
| LISTING EXCHANGE | NYMEX | ||
Micro Crude Oil Futures
Frequently Asked Questions
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.
Click here to view day trading margins.
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.
Why Trade Micro Crude Oil futures with Optimus Futures?
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.
Deep Discount Commissions
Pay as little as $0.25 / side on Micros no matter how much you trade. High volume traders qualify for even more savings with commissions as low as $0.10 / Side.
Dedicated Service Specialists
Get help from a team that is trained on the CME Group’s Micro contracts with objective guidance and personalized onboarding.
Low Day-Trading Margins
As low as $40 day trading margins for Micro E-Mini S&P and $400 for E-Mini S&P 500.
Free Trading Platforms
Get free access to Optimus Flow, our signature trading platform for unlimited simulated trading, better technical analysis and faster order execution.
Open An Optimus Futures Account. Start Trading Micro Crude Oil Futures
Open Live Account Open Demo Account Select an FCM to Start your ApplicationWith Live Market Data
- Free Indicators
- Free News Trading Platform
- Free Funding & Withdrawals
- Free 24-Hour Support
- Free One-on-One On-boarding
- Free Trading Education
- $500 Micro Account Minimum
- $400 ES Day Trade Margins
- $40 MES Day Trade Margins
- Commissions as low as $0.25 on Micros
- No Inactivity Fees at Select FCM’s
- Real Time and Historical Data
- Premier CME Group Partner
- Trusted by Traders Since 2004
- Licensed and Regulated by the NFA and CFTC
- Dedicated Futures Community
- Multiple Datafeeds | Rithmic, CQG, TT, CTS
- Account Protection and Segregated Funds (CFTC rule 1.25)
Questions? Call us at (561) 367-8686