MCL tick value
One MCL tick is $0.01 per bbl and is worth $1.00. One point is worth $100.00.
| Contract | Micro WTI Crude Oil (NYMEX) |
|---|---|
| Contract unit | 100 barrels |
| Minimum tick (outright) | $0.01 per bbl |
| Tick value | $1.00 |
| Point value | $100.00 |
| Ticks per point | 100 |
Convert a move to dollars
- Per contract
- $10.00
- Total
- $10.00
- Equivalent
- 0.10 points
Worked example
MCL tracks WTI crude oil, 100 barrels, quoted in US dollars per barrel. A $1.00 move in the oil price is 100 ticks in MCL. At $1.00 per tick that is $100.00 per contract, before commissions and fees.
MCL versus CL
| Contract | Tick | Tick value | Point value |
|---|---|---|---|
| MCL | $0.01 per bbl | $1.00 | $100.00 |
| CL (WTI Crude Oil (1,000 bbl)) | $0.01 per bbl | $10.00 | $1,000.00 |
One CL equals 10 MCL in dollar exposure.
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Sources: CME Group, Micro WTI Crude Oil; CME Group, WTI Crude Oil (1,000 bbl). As of 14 Oct 2026, rechecked 19 Oct 2026. Calendar spreads can use a smaller tick. Verify with your broker. Not investment advice.