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EnergyCLNYMEX (CME Group)
Crude Oil WTI
Category
Energy
Exchange
NYMEX (CME Group)
Contract Size
1,000 barrels of West Texas Intermediate crude oil
Symbol
CL
About Crude Oil WTI
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.
Crude Oil WTI Price Chart
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Contract Specifications
- Contract Size
- 1,000 barrels of West Texas Intermediate crude oil
- Tick Size / Value
- $0.01 per barrel = $10.00 per tick
- Exchange
- NYMEX (CME Group)
Trading Hours
Sun 18:00 – Fri 17:00 ET with a daily halt 17:00–18:00 ET.
Margin Notes
Day trading margins ~$2,500–$5,000. Exchange maintenance margin ~$6,000–$8,000. Notional ~$70,000–$80,000 per contract.
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