Trade Crude Oil Futures
Access global energy movements with Standard (CL) and Micro (MCL) Crude Oil futures
Trade Crude Oil Futures
Access global energy movements with Standard (CL) and Micro (MCL) Crude Oil futures
Trade Crude Oil Futures
Access global energy movements with Standard (CL) and Micro (MCL) Crude Oil futures
Regulated by
Monetary Authority of Singapore
PARTNER WITH
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Regulated by
Monetary Authority of Singapore
Partner with
Powered by
Contract Sizing
Micro E-mini Crude Oil (MCL) vsStandard Crude Oil (CL)
Both contracts provide direct exposure to global WTI crude oil price movements
Contract Sizing
Micro E-mini Crude Oil (MCL) vsStandard Crude Oil (CL)
Both contracts provide direct exposure to global WTI crude oil price movements
Contract Sizing
Micro E-mini Crude Oil (MCL) vsStandard Crude Oil (CL)
Both contracts provide direct exposure to global WTI crude oil price movements
NYMEX
Micro Crude Oil Futures (MCL)
Precise risk control and incremental position scaling
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
100 barrels
0.01
$1.00
$459.39
$918.77
NYMEX
Micro Crude Oil Futures (MCL)
Precise risk control and incremental position scaling
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
100 barrels
0.01
$1.00
$459.39
$918.77
NYMEX
Micro Crude Oil Futures (MCL)
Precise risk control and incremental position scaling
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
100 barrels
0.01
$1.00
$459.39
$918.77
NYMEX
Standard Crude Oil Futures (CL)
Larger order sizes and high-volume strategies
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
1,000 barrels
0.01
$10.00
$4,582.80
$9,165.60
NYMEX
Standard Crude Oil Futures (CL)
Larger order sizes and high-volume strategies
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
1,000 barrels
0.01
$10.00
$4,582.80
$9,165.60
NYMEX
Standard Crude Oil Futures (CL)
Larger order sizes and high-volume strategies
Multiplier
Tick Size
Tick Value
Day Margin (USD)
Initial Margin (USD)
1,000 barrels
0.01
$10.00
$4,582.80
$9,165.60
Asset Comparison
Crude Oil Futures VS CFDs and ETFs
Asset Comparison
Crude Oil Futures VS CFDs and ETFs
Asset Comparison
Crude Oil Futures VS CFDs and ETFs
Swipe to compare →
| Comparison | Crude Oil Futures | Oil CFDs | Oil ETFs |
|---|---|---|---|
| Price set by | The market, on a central exchange | The broker, based on the underlying market | The market, on the listing exchange |
| Order Execution | Sent to the exchange and matched with other traders | Executed directly with the broker | Sent to the exchange and matched with other investors |
| Trading Costs | Itemized commission and exchange fees | Mostly built into the spread | Brokerage commission |
| Holding Costs | No daily financing charge, as financing costs are built into the futures price | Daily adjustment along the futures curve, plus a broker charge | Expense ratio, plus roll effects that can cause returns to drift from the oil price |
| Trading during Asian hours | Tradable on the exchange, nearly 24 hours a day | Tradable at the broker’s quote | Mainly US market hours, with extended sessions at some brokers |
| Volume and Market Depth | Live volume and depth published by the exchange | Broker quotes, without a central order book | Volume published for the fund on its exchange |
| Contract Sizes | Standard (CL) at 1,000 barrels, E-mini (QM) at 500 and Micro (MCL) at 100 | Position size set by the broker | Individual fund units |
| Expiry and Settlement | Monthly contracts. CL is physically delivered, while QM and MCL are cash-settled | Typically undated | No expiry |
| Maximum Loss | Can exceed initial margin | Can exceed initial margin, depending on your broker | Limited to the amount invested, unless bought on margin |
General product features shown. Terms vary by broker and contract. Futures and CFDs are leveraged products, and losses can exceed your initial margin.
Swipe to compare →
| Comparison | Crude Oil Futures | Oil CFDs | Oil ETFs |
|---|---|---|---|
| Price set by | The market, on a central exchange | The broker, based on the underlying market | The market, on the listing exchange |
| Order Execution | Sent to the exchange and matched with other traders | Executed directly with the broker | Sent to the exchange and matched with other investors |
| Trading Costs | Itemized commission and exchange fees | Mostly built into the spread | Brokerage commission |
| Holding Costs | No daily financing charge, as financing costs are built into the futures price | Daily adjustment along the futures curve, plus a broker charge | Expense ratio, plus roll effects that can cause returns to drift from the oil price |
| Trading during Asian hours | Tradable on the exchange, nearly 24 hours a day | Tradable at the broker’s quote | Mainly US market hours, with extended sessions at some brokers |
| Volume and Market Depth | Live volume and depth published by the exchange | Broker quotes, without a central order book | Volume published for the fund on its exchange |
| Contract Sizes | Standard (CL) at 1,000 barrels, E-mini (QM) at 500 and Micro (MCL) at 100 | Position size set by the broker | Individual fund units |
| Expiry and Settlement | Monthly contracts. CL is physically delivered, while QM and MCL are cash-settled | Typically undated | No expiry |
| Maximum Loss | Can exceed initial margin | Can exceed initial margin, depending on your broker | Limited to the amount invested, unless bought on margin |
General product features shown. Terms vary by broker and contract. Futures and CFDs are leveraged products, and losses can exceed your initial margin.
Swipe to compare →
| Comparison | Crude Oil Futures | Oil CFDs | Oil ETFs |
|---|---|---|---|
| Price set by | The market, on a central exchange | The broker, based on the underlying market | The market, on the listing exchange |
| Order Execution | Sent to the exchange and matched with other traders | Executed directly with the broker | Sent to the exchange and matched with other investors |
| Trading Costs | Itemized commission and exchange fees | Mostly built into the spread | Brokerage commission |
| Holding Costs | No daily financing charge, as financing costs are built into the futures price | Daily adjustment along the futures curve, plus a broker charge | Expense ratio, plus roll effects that can cause returns to drift from the oil price |
| Trading during Asian hours | Tradable on the exchange, nearly 24 hours a day | Tradable at the broker’s quote | Mainly US market hours, with extended sessions at some brokers |
| Volume and Market Depth | Live volume and depth published by the exchange | Broker quotes, without a central order book | Volume published for the fund on its exchange |
| Contract Sizes | Standard (CL) at 1,000 barrels, E-mini (QM) at 500 and Micro (MCL) at 100 | Position size set by the broker | Individual fund units |
| Expiry and Settlement | Monthly contracts. CL is physically delivered, while QM and MCL are cash-settled | Typically undated | No expiry |
| Maximum Loss | Can exceed initial margin | Can exceed initial margin, depending on your broker | Limited to the amount invested, unless bought on margin |
General product features shown. Terms vary by broker and contract. Futures and CFDs are leveraged products, and losses can exceed your initial margin.
Key Features
Why Traders Choose Crude Oil Futures
Key Features
Why Traders Choose Crude Oil Futures
Key Features
Why Traders Choose Crude Oil Futures
Global Energy Benchmark Exposure
Trade the world's most-watched commodity, the pricing reference that shapes energy costs, inflation data and monetary policy decisions across every major economy
Precise Risk Control
From standard CL futures to micro crude oil MCL futures, you can tailor your market exposure precisely to your trading budget and risk preference
Deep Liquidity
Crude oil futures contracts are one of the most actively traded commodity instruments in the world, ensuring tight spreads and efficient order execution
Nearly 24-Hour Access
Energy markets move on global news and macroeconomic events. Trade oil futures nearly 24 hours a day, 5 days a week to react in real time
Global Energy Benchmark Exposure
Trade the world's most-watched commodity, the pricing reference that shapes energy costs, inflation data and monetary policy decisions across every major economy
Precise Risk Control
From standard CL futures to micro crude oil MCL futures, you can tailor your market exposure precisely to your trading budget and risk preference
Deep Liquidity
Crude oil futures contracts are one of the most actively traded commodity instruments in the world, ensuring tight spreads and efficient order execution
Nearly 24-Hour Access
Energy markets move on global news and macroeconomic events. Trade oil futures nearly 24 hours a day, 5 days a week to react in real time
Global Energy Benchmark Exposure
Trade the world's most-watched commodity, the pricing reference that shapes energy costs, inflation data and monetary policy decisions across every major economy
Precise Risk Control
From standard CL futures to micro crude oil MCL futures, you can tailor your market exposure precisely to your trading budget and risk preference
Deep Liquidity
Crude oil futures contracts are one of the most actively traded commodity instruments in the world, ensuring tight spreads and efficient order execution
Nearly 24-Hour Access
Energy markets move on global news and macroeconomic events. Trade oil futures nearly 24 hours a day, 5 days a week to react in real time
Before You Trade
Crude Oil Futures FAQs
Before You Trade
Crude Oil Futures FAQs
Before You Trade
Crude Oil Futures FAQs
1. What are Crude Oil Futures?
Crude oil futures are exchange-listed contracts to trade the future price of crude oil. The main US benchmark is West Texas Intermediate (WTI), traded as CL on NYMEX. The contract represents 1,000 barrels and is physically deliverable, settling against the WTI price at expiry unless the position is closed or rolled beforehand
2. What's the difference between CL and Micro Crude Oil futures?
CL is the standard WTI crude oil contract, representing 1,000 barrels. Micro Crude Oil (MCL) tracks the same WTI price at one-tenth the size, 100 barrels, giving the same market exposure per contract at a lower margin requirement. Both settle against the same underlying price and trade the same NYMEX hours
3. What moves Crude Oil Futures prices?
Crude oil futures respond to OPEC+ production decisions, weekly US inventory data from the EIA, and geopolitical events affecting major producing regions such as the Middle East and Russia. Global demand signals, including economic growth data from major consumers like the US and China, also move prices. Refinery outages and seasonal driving demand add further short-term volatility
4. What are the margin requirements to trade Crude Oil Futures?
Margin on CL and MCL is set by the exchange and varies with volatility, particularly around inventory data and supply disruptions. Brokers can require additional margin above the exchange minimum. KGI Crusoe has no account minimum; capital required depends on the contract and quantity traded. Current figures are listed in the contract specifications
5. What are the risks of trading Crude Oil Futures?
Crude oil futures are leveraged, so a small price move can produce a large move against your margin, and losses can exceed the amount deposited. Prices can gap sharply on unscheduled news, such as a surprise OPEC+ announcement or a supply disruption. CL is physically deliverable, so positions held into the delivery period carry delivery obligations most traders avoid by closing or rolling beforehand
1. What are Crude Oil Futures?
Crude oil futures are exchange-listed contracts to trade the future price of crude oil. The main US benchmark is West Texas Intermediate (WTI), traded as CL on NYMEX. The contract represents 1,000 barrels and is physically deliverable, settling against the WTI price at expiry unless the position is closed or rolled beforehand
2. What's the difference between CL and Micro Crude Oil futures?
CL is the standard WTI crude oil contract, representing 1,000 barrels. Micro Crude Oil (MCL) tracks the same WTI price at one-tenth the size, 100 barrels, giving the same market exposure per contract at a lower margin requirement. Both settle against the same underlying price and trade the same NYMEX hours
3. What moves Crude Oil Futures prices?
Crude oil futures respond to OPEC+ production decisions, weekly US inventory data from the EIA, and geopolitical events affecting major producing regions such as the Middle East and Russia. Global demand signals, including economic growth data from major consumers like the US and China, also move prices. Refinery outages and seasonal driving demand add further short-term volatility
4. What are the margin requirements to trade Crude Oil Futures?
Margin on CL and MCL is set by the exchange and varies with volatility, particularly around inventory data and supply disruptions. Brokers can require additional margin above the exchange minimum. KGI Crusoe has no account minimum; capital required depends on the contract and quantity traded. Current figures are listed in the contract specifications
5. What are the risks of trading Crude Oil Futures?
Crude oil futures are leveraged, so a small price move can produce a large move against your margin, and losses can exceed the amount deposited. Prices can gap sharply on unscheduled news, such as a surprise OPEC+ announcement or a supply disruption. CL is physically deliverable, so positions held into the delivery period carry delivery obligations most traders avoid by closing or rolling beforehand
1. What are Crude Oil Futures?
Crude oil futures are exchange-listed contracts to trade the future price of crude oil. The main US benchmark is West Texas Intermediate (WTI), traded as CL on NYMEX. The contract represents 1,000 barrels and is physically deliverable, settling against the WTI price at expiry unless the position is closed or rolled beforehand
2. What's the difference between CL and Micro Crude Oil futures?
CL is the standard WTI crude oil contract, representing 1,000 barrels. Micro Crude Oil (MCL) tracks the same WTI price at one-tenth the size, 100 barrels, giving the same market exposure per contract at a lower margin requirement. Both settle against the same underlying price and trade the same NYMEX hours
3. What moves Crude Oil Futures prices?
Crude oil futures respond to OPEC+ production decisions, weekly US inventory data from the EIA, and geopolitical events affecting major producing regions such as the Middle East and Russia. Global demand signals, including economic growth data from major consumers like the US and China, also move prices. Refinery outages and seasonal driving demand add further short-term volatility
4. What are the margin requirements to trade Crude Oil Futures?
Margin on CL and MCL is set by the exchange and varies with volatility, particularly around inventory data and supply disruptions. Brokers can require additional margin above the exchange minimum. KGI Crusoe has no account minimum; capital required depends on the contract and quantity traded. Current figures are listed in the contract specifications
5. What are the risks of trading Crude Oil Futures?
Crude oil futures are leveraged, so a small price move can produce a large move against your margin, and losses can exceed the amount deposited. Prices can gap sharply on unscheduled news, such as a surprise OPEC+ announcement or a supply disruption. CL is physically deliverable, so positions held into the delivery period carry delivery obligations most traders avoid by closing or rolling beforehand
Key Features
Start Trading Crude Oil Futures in 3 Steps
Execute trades with confidence and precision
Key Features
Start Trading Crude Oil Futures in 3 Steps
Execute trades with confidence and precision
Key Features
Start Trading Crude Oil Futures in 3 Steps
Execute trades with confidence and precision
1
Choose CL or MCL
Search CL for the E-mini or MCL for the Micro E-mini to view live spreads, tick values, and intraday margin rates
2
Set Your Position
Select your contract size, choose long or short, and pick your order type to match your strategy
3
Execute & Manage
Attach your take-profit and stop-loss levels, submit your order, and track real-time P&L as the market moves
1
Choose CL or MCL
Search CL for the E-mini or MCL for the Micro E-mini to view live spreads, tick values, and intraday margin rates
2
Set Your Position
Select your contract size, choose long or short, and pick your order type to match your strategy
3
Execute & Manage
Attach your take-profit and stop-loss levels, submit your order, and track real-time P&L as the market moves
1
Choose CL or MCL
Search CL for the E-mini or MCL for the Micro E-mini to view live spreads, tick values, and intraday margin rates
2
Set Your Position
Select your contract size, choose long or short, and pick your order type to match your strategy
3
Execute & Manage
Attach your take-profit and stop-loss levels, submit your order, and track real-time P&L as the market moves
Legal and Regulatory
KGI Crusoe is a futures trading platform operated by KGI Securities (Singapore) Pte. Ltd. (Co. Reg. No. 195500144H), a holder of a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Registered office: 4 Shenton Way, #13-01 SGX Centre 2, Singapore 068807.
NinjaTrader is a group of affiliated companies operating under NinjaTrader Group, LLC ("NTG"), including NinjaTrader, LLC ("NT") and NinjaTrader Clearing, LLC d/b/a NinjaTrader, Kraken Derivatives US, and Tradovate ("NTC"). NT owns and supports the proprietary NinjaTrader trading platform as a software development company, while NTC provides brokerage services. View Disclosures.
NTC is registered with the Commodity Futures Trading Commission ("CFTC") as a futures commission merchant ("FCM") and is a National Futures Association ("NFA") Member (NFA ID: 0309379). Registered office: 222 North Lasalle Street Suite 400 Chicago, IL 60601 United States. Questions related to brokerage accounts should be directed to your broker.
Futures trading involves substantial risk and is not suitable for everyone. An investor may lose all or more than the initial investment. Trading should be undertaken only with risk capital funds that can be lost without jeopardizing one’s financial security or lifestyle, and only by those who can afford such losses. Past performance is not necessarily indicative of future results. Prior to trading digital assets, review the CFTC and NFA advisories for additional information regarding the significant risks involved. View Risk Disclosure Statement, including the Risk Disclosure Statement for Security Futures Products.
The website is for informational purposes only and does not constitute investment advice or an offer, solicitation, or recommendation to buy or sell any securities or financial instruments. It does not take into account your personal investment objectives, financial situation, or holdings. KGI Crusoe (KGI Securities (Singapore) Pte. Ltd.) makes no representation and assumes no liability for the accuracy or completeness of this information, or for any loss arising from its use.
This website is not intended for distribution to, or use by, any person in any jurisdiction where that would breach local law or regulation, including the European Economic Area, the United Kingdom and the United States.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
© 2026 KGI Securities (Singapore) Pte. Ltd. All rights reserved.
KGI Crusoe
Legal and Regulatory
KGI Crusoe is a futures trading platform operated by KGI Securities (Singapore) Pte. Ltd. (Co. Reg. No. 195500144H), a holder of a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Registered office: 4 Shenton Way, #13-01 SGX Centre 2, Singapore 068807.
NinjaTrader is a group of affiliated companies operating under NinjaTrader Group, LLC ("NTG"), including NinjaTrader, LLC ("NT") and NinjaTrader Clearing, LLC d/b/a NinjaTrader, Kraken Derivatives US, and Tradovate ("NTC"). NT owns and supports the proprietary NinjaTrader trading platform as a software development company, while NTC provides brokerage services. View Disclosures.
NTC is registered with the Commodity Futures Trading Commission ("CFTC") as a futures commission merchant ("FCM") and is a National Futures Association ("NFA") Member (NFA ID: 0309379). Registered office: 222 North Lasalle Street Suite 400 Chicago, IL 60601 United States. Questions related to brokerage accounts should be directed to your broker.
Futures trading involves substantial risk and is not suitable for everyone. An investor may lose all or more than the initial investment. Trading should be undertaken only with risk capital funds that can be lost without jeopardizing one’s financial security or lifestyle, and only by those who can afford such losses. Past performance is not necessarily indicative of future results. Prior to trading digital assets, review the CFTC and NFA advisories for additional information regarding the significant risks involved. View Risk Disclosure Statement, including the Risk Disclosure Statement for Security Futures Products.
The website is for informational purposes only and does not constitute investment advice or an offer, solicitation, or recommendation to buy or sell any securities or financial instruments. It does not take into account your personal investment objectives, financial situation, or holdings. KGI Crusoe (KGI Securities (Singapore) Pte. Ltd.) makes no representation and assumes no liability for the accuracy or completeness of this information, or for any loss arising from its use.
This website is not intended for distribution to, or use by, any person in any jurisdiction where that would breach local law or regulation, including the European Economic Area, the United Kingdom and the United States.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
© 2026 KGI Securities (Singapore) Pte. Ltd. All rights reserved.
KGI Crusoe
Legal and Regulatory
KGI Crusoe is a futures trading platform operated by KGI Securities (Singapore) Pte. Ltd. (Co. Reg. No. 195500144H), a holder of a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Registered office: 4 Shenton Way, #13-01 SGX Centre 2, Singapore 068807.
NinjaTrader is a group of affiliated companies operating under NinjaTrader Group, LLC ("NTG"), including NinjaTrader, LLC ("NT") and NinjaTrader Clearing, LLC d/b/a NinjaTrader, Kraken Derivatives US, and Tradovate ("NTC"). NT owns and supports the proprietary NinjaTrader trading platform as a software development company, while NTC provides brokerage services. View Disclosures.
NTC is registered with the Commodity Futures Trading Commission ("CFTC") as a futures commission merchant ("FCM") and is a National Futures Association ("NFA") Member (NFA ID: 0309379). Registered office: 222 North Lasalle Street Suite 400 Chicago, IL 60601 United States. Questions related to brokerage accounts should be directed to your broker.
Futures trading involves substantial risk and is not suitable for everyone. An investor may lose all or more than the initial investment. Trading should be undertaken only with risk capital funds that can be lost without jeopardizing one’s financial security or lifestyle, and only by those who can afford such losses. Past performance is not necessarily indicative of future results. Prior to trading digital assets, review the CFTC and NFA advisories for additional information regarding the significant risks involved. View Risk Disclosure Statement, including the Risk Disclosure Statement for Security Futures Products.
The website is for informational purposes only and does not constitute investment advice or an offer, solicitation, or recommendation to buy or sell any securities or financial instruments. It does not take into account your personal investment objectives, financial situation, or holdings. KGI Crusoe (KGI Securities (Singapore) Pte. Ltd.) makes no representation and assumes no liability for the accuracy or completeness of this information, or for any loss arising from its use.
This website is not intended for distribution to, or use by, any person in any jurisdiction where that would breach local law or regulation, including the European Economic Area, the United Kingdom and the United States.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
© 2026 KGI Securities (Singapore) Pte. Ltd. All rights reserved.
KGI Crusoe