# CL Tick Value & Contract Specs (Crude Oil)

> One CL tick is $0.01 per barrel, worth $10 per contract. A $1.00 move per barrel is worth $1,000, so a move of $0.50 per barrel is 50 ticks, or $500 on one contract.

**Source:** https://propfirmpal.com/futures/contracts/cl  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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CL (Light Sweet Crude Oil (WTI)) ticks in $0.01 per barrel, worth $10 per contract. CME specs, P&L per move, hours and months.

## Contract specifications

| Specification | Value |
| --- | --- |
| Contract | Light Sweet Crude Oil (WTI) (CL) |
| Exchange | NYMEX (CME Group) |
| Asset class | Energy |
| Contract unit | 1,000 barrels |
| Price quotation | US dollars and cents per barrel |
| Tick size | $0.01 per barrel |
| Tick value | $10 per contract |
| Value of a $1.00 move per barrel | $1,000 |
| Contract months | F (Jan), G (Feb), H (Mar), J (Apr), K (May), M (Jun), N (Jul), Q (Aug), U (Sep), V (Oct), X (Nov), Z (Dec) |
| Trading hours | Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. |
| Settlement | Physically delivered |
| Last trading day | 3 business days before the 25th calendar day of the month before the contract month (4 if the 25th is not a business day). |

_Source: [CME Group — Crude Oil contract specs](https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.contractSpecs.html), retrieved 2026-09-22._

## Ticks to dollars

| Price move | Ticks | 1 contract | 10 contracts |
| --- | --- | --- | --- |
| $0.01 per barrel | 1 | $10 | $100 |
| $1 per barrel | 100 | $1,000 | $10,000 |
| $0.50 per barrel | 50 | $500 | $5,000 |

## Trading hours

| Central Time (CT) | Eastern Time (ET) | Breaks |
| --- | --- | --- |
| Sun 5:00 pm – Fri 4:00 pm | Sun 6:00 pm – Fri 5:00 pm | 4:00–5:00 pm CT (5:00–6:00 pm ET), Mon–Thu |

## Other sizes

- [MCL — Micro WTI Crude Oil](https://propfirmpal.com/futures/contracts/mcl): $1 per tick.
- [QM — E-mini Crude Oil](https://propfirmpal.com/futures/contracts/qm): $12.50 per tick.

## Which prop firms allow this contract

Prop Firm Pal does not yet record firms' permitted products symbol by symbol, so no firms are named here. Compare futures prop firms at https://propfirmpal.com/futures and check each firm's rules for CL.

## Frequently asked questions

### What is the tick value of CL?

One CL tick is $0.01 per barrel, worth $10 per contract. A $1.00 move per barrel is worth $1,000, so a move of $0.50 per barrel is 50 ticks, or $500 on one contract.

### How much is a $1.00 move per barrel worth on CL?

A $1.00 move per barrel is worth $1,000 per CL contract: 100 ticks of $10.

### What are CL trading hours?

CL trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.

### What months does CL trade?

Monthly contracts for the current year and the next 10 calendar years, plus 2 additional months. Month codes: F (Jan), G (Feb), H (Mar), J (Apr), K (May), M (Jun), N (Jul), Q (Aug), U (Sep), V (Oct), X (Nov), Z (Dec).

### Is CL cash-settled?

CL is physically delivered. Last trading day: 3 business days before the 25th calendar day of the month before the contract month (4 if the 25th is not a business day). Most traders roll to the next contract month before then.

### What is the margin for CL?

CME Group sets the exchange margin for CL and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.

### What is the difference between CL and MCL?

MCL (Micro WTI Crude Oil) tracks the same market at one-tenth the size of CL. One MCL tick is worth $1, against $10 for CL.

### What is the difference between CL and QM?

QM (E-mini Crude Oil) tracks the same market at half the size of CL. One QM tick is worth $12.50, against $10 for CL.

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