MCL tick value & contract specs
Micro Crude Oil (MCL) futures trade on NYMEX. The price moves in ticks of 0.01, each tick is worth $1 per contract, and a full one-point move is worth $100 per contract.
MCL contract specifications
| Symbol | MCL |
|---|---|
| Contract | Micro Crude Oil |
| Exchange | NYMEX |
| Tick size | 0.01 |
| Tick value (per contract) | $1 |
| Point value (per contract) | $100 |
| 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.
This is the smaller version of CL (Crude Oil (WTI)), which is worth $10 per tick. CL specs →
MCL ticks to dollars
10 ticks × 1 contract = $10
MCL tick value table
Dollar value of a move in MCL before commissions, at $1 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $1 | $2 | $5 | $10 |
| 4 | $4 | $8 | $20 | $40 |
| 10 | $10 | $20 | $50 | $100 |
| 20 | $20 | $40 | $100 | $200 |
| 40 | $40 | $80 | $200 | $400 |
Worked example
You buy 2 MCL contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $1 × 2 contracts = $20. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$1 per contract. MCL moves in increments of 0.01, and each increment changes the value of one contract by $1.
$100 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 MCL 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 MCL trade. Confirm specifications with the exchange before trading.