CL tick value & contract specs
Crude Oil (WTI) (CL) futures trade on NYMEX. The price moves in ticks of 0.01, each tick is worth $10 per contract, and a full one-point move is worth $1,000 per contract.
CL contract specifications
| Symbol | CL |
|---|---|
| Contract | Crude Oil (WTI) |
| Exchange | NYMEX |
| Tick size | 0.01 |
| Tick value (per contract) | $10 |
| Point value (per contract) | $1,000 |
| Ticks per point | 100 |
| Electronic hours (ET) | Sun–Fri 6:00pm – 5:00pm, daily break 5:00–6:00pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
The smaller version, MCL (Micro Crude Oil), is worth $1 per tick. MCL specs →
CL ticks to dollars
10 ticks × 1 contract = $100
CL tick value table
Dollar value of a move in CL before commissions, at $10 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $10 | $20 | $50 | $100 |
| 4 | $40 | $80 | $200 | $400 |
| 10 | $100 | $200 | $500 | $1,000 |
| 20 | $200 | $400 | $1,000 | $2,000 |
| 40 | $400 | $800 | $2,000 | $4,000 |
Worked example
You buy 2 CL contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $10 × 2 contracts = $200. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$10 per contract. CL moves in increments of 0.01, and each increment changes the value of one contract by $10.
$1,000 per contract. One point is 100 ticks of 0.01.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Energy
Futures P&L calculator with CL selectedFutures Position Size Calculator (Free, No Signup) — FillbookCrude Oil Trading Journal — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged CL trade. Confirm specifications with the exchange before trading.