Crude Oil (WTI) Futures Contract Specifications
CL · NYMEX · one contract = 1,000 barrels
Crude Oil (WTI) futures (CL) trade on NYMEX in 0.01-increment ticks worth $10.00 per contract; a full 1.0-point move is $1,000.00. One contract covers 1,000 barrels.
Specification table
| Name | Crude Oil (WTI) |
| Exchange | NYMEX |
| Ticker symbol | CL |
| Contract unit | 1,000 barrels |
| Tick size | 0.01 |
| Tick value | $10.00 |
| Point value | $1,000.00 |
| CFTC contract code | 067651 |
| COT report families | legacy, disagg |
Worked tick math
A 10-tick move on 1 Crude Oil (WTI) contract (CL) is $100.00 — tick size 0.01 × tick value $10.00. A 1-point move is 100 ticks = $1,000.00. Ten contracts moving 5 ticks = $500.00.
Run your own numbers: Crude Oil (WTI) futures calculator.
Positioning: large speculators are net long 81,689 contracts as of the 2026-07-21 COT report — full Crude Oil (WTI) COT data.
FAQ
- What is the tick size and value of Crude Oil (WTI) futures?
- Crude Oil (WTI) (CL, NYMEX) moves in 0.01 increments worth $10.00 per contract.
- What does one CL contract cover?
- One contract covers 1,000 barrels.
- How much is a full point on CL?
- $1,000.00 — tick value ÷ tick size.
Related
Crude Oil (WTI) COT report
Crude Oil (WTI) calculator
Crude Oil (WTI) COT history (CSV)
All contract specs
All calculators
Specs verified against exchange sources 2026-07-25; the exchange's own contract page is always authoritative. Not investment advice.