Micro Crude Oil Futures (MCL) are 1/10th the size of the standard Crude Oil Futures contract, providing traders with a more accessible way to gain exposure to oil prices. These smaller-sized contracts are ideal for retail traders or those looking for more precise position sizing.
Contract Size: 100 barrels
Example: This contract size allows traders to gain exposure to energy with controlled leverage and risk.
These specifications make Micro Crude Oil (MCL) Futures suitable for traders seeking exposure to energy markets.
Micro Crude Oil (MCL) Futures trade with extended hours, providing flexibility for traders in different time zones.
Platform Symbol: MCL
To trade Micro Crude Oil (MCL) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.
Proper position sizing is crucial when trading Micro Crude Oil (MCL) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.
For Micro Crude Oil (MCL) Futures (MCL):
If you want to risk $500 with a 10-point stop loss:
Risk per Contract = Stop Loss in Points × Point Value = 10 × 100.00 per point = $1000
Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $1000 = 0 contracts