# MCL Tick Value & Contract Specs (Micro Crude Oil)

> One MCL tick is $0.01 per barrel, worth $1 per contract. A $1.00 move per barrel is worth $100, so a move of $0.50 per barrel is 50 ticks, or $50 on one contract.

**Source:** https://propfirmpal.com/futures/contracts/mcl  
**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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MCL (Micro WTI Crude Oil) ticks in $0.01 per barrel, worth $1 per contract. CME specs, P&L per move, hours and months.

## Contract specifications

| Specification | Value |
| --- | --- |
| Contract | Micro WTI Crude Oil (MCL) |
| Exchange | NYMEX (CME Group) |
| Asset class | Energy |
| Contract unit | 100 barrels |
| Price quotation | US dollars and cents per barrel |
| Tick size | $0.01 per barrel |
| Tick value | $1 per contract |
| Value of a $1.00 move per barrel | $100 |
| 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 | Financially settled |
| Last trading day | 1 business day before the corresponding CL contract’s last trading day. |

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

## Ticks to dollars

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

## 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

- [CL — Light Sweet Crude Oil (WTI)](https://propfirmpal.com/futures/contracts/cl): $10 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 MCL.

## Frequently asked questions

### What is the tick value of MCL?

One MCL tick is $0.01 per barrel, worth $1 per contract. A $1.00 move per barrel is worth $100, so a move of $0.50 per barrel is 50 ticks, or $50 on one contract.

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

A $1.00 move per barrel is worth $100 per MCL contract: 100 ticks of $1.

### What are MCL trading hours?

MCL 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 MCL trade?

Monthly contracts for the current year and the next 3 calendar years. 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 MCL cash-settled?

MCL is financially settled. Last trading day: 1 business day before the corresponding CL contract’s last trading day. Most traders roll to the next contract month before then.

### What is the margin for MCL?

CME Group sets the exchange margin for MCL 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 MCL and CL?

CL (Light Sweet Crude Oil (WTI)) tracks the same market at ten times the size of MCL. One CL tick is worth $10, against $1 for MCL.

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

QM (E-mini Crude Oil) tracks the same market at 5 times the size of MCL. One QM tick is worth $12.50, against $1 for MCL.

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