Energy futures · NYMEX
CLCrude Oil (WTI)
One CL tick is $0.01 per barrel, worth $10 per contract. One point is worth $1,000.
Contract specifications
| Specification | CL |
|---|---|
| Contract | Crude Oil (WTI) |
| Exchange | NYMEX |
| Contract size | 1,000 barrels of WTI crude oil |
| Minimum tick | $0.01 per barrel |
| Tick value | $10 |
| Point value | $1,000 |
The world's most traded energy contract. Crude reacts sharply to the weekly inventory report, OPEC+ decisions and geopolitics - $10 a tick adds up quickly on a fast day.
Micro contract: MCL - Micro WTI Crude Oil, $1 per tick.
How much room a funded account gives you on CL
Every Get Funded Now futures account has a 3% maximum drawdown. Divided by CL's $10 tick, that is how far one contract can move against you before the account is breached. Trading your full position limit divides that room by the number of contracts.
| Account | Max drawdown | Ticks of room, 1 CL | Max contracts | Ticks of room, max CL |
|---|---|---|---|---|
| $25,000 | $750 | 75 | 2 | 37 |
| $50,000 | $1,500 | 150 | 4 | 37 |
| $75,000 | $2,250 | 225 | 5 | 45 |
| $100,000 | $3,000 | 300 | 6 | 50 |
| $150,000 | $4,500 | 450 | 9 | 50 |
Size a trade from your stop with the futures position size calculator, or see how end-of-day trailing drawdown works.
Specifications are set by the exchange and are published here for reference. Check the futures rules for the instruments available on your account.
Questions
What is the tick value of CL?
One CL tick ($0.01 per barrel) is worth $10 per contract.
How much is one point on CL?
A full one-point move is worth $1,000 per contract.
What does one CL contract represent?
1,000 barrels of WTI crude oil, traded on NYMEX.
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