CL futures: tick size, tick value and contract specs
WTI Crude Oil (CL) trades on NYMEX. One tick is 0.01 and is worth $10.00 per contract; one point is 100 ticks, worth $1,000.
Tick size
0.01
Tick value
$10.00
Point value
$1,000
Ticks per point
100
Exchange
NYMEX
Settlement
Physical delivery
Contract months
Monthly · F · G · H · J · K · M · N · Q · U · V · X · Z
Front month
CL Z26 · rolls Nov 16, 2026
What a move on CL is worth
Tick value × ticks × contracts, before commissions and fees.
| Move | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 tick | $10.00 | $20.00 | $50.00 | $100.00 |
| 5 ticks | $50.00 | $100.00 | $250.00 | $500.00 |
| 10 ticks | $100.00 | $200.00 | $500.00 | $1,000.00 |
| 20 ticks | $200.00 | $400.00 | $1,000.00 | $2,000.00 |
| 50 ticks | $500.00 | $1,000.00 | $2,500.00 | $5,000.00 |
CL tick value calculator
Your move
CL: one tick is 0.01 and worth $10.00; one point is 100 ticks. A move in points is snapped to the tick grid.
Ticks
100
Points
1
Per contract
$1,000.00
Total, 1 contract
$1,000.00
How many ticks does a dollar risk allow?
Stop that fits, per contract
50 ticks (0.5 points) on 1 contract
Rounded down to whole ticks, so the stop never risks more than the dollars you entered (before commissions and slippage). CL contract specs
The same calculator for every contract: tick value calculator.
CL front month and roll dates
Last trading day is 3 business days before the 25th of the month preceding delivery. Rolls 4 business days before the last trading day. On the roll date the next contract is already the front month, so CL F27 takes over from CL Z26 on Nov 16, 2026.
| Contract | Front month from | Rolls |
|---|---|---|
| CL Z26 | ||
| CL F27 | ||
| CL G27 | ||
| CL H27 |
Every root, every date ahead: futures roll calendar. Business days count weekends but not exchange holidays, so confirm the final session with your broker.
Related contracts
Micro contract: MCL · Micro WTI Crude Oil — $1.00 a tick.
Frequently asked
What is the tick value of CL?
One tick on CL (WTI Crude Oil) is 0.01 in price and is worth $10.00 per contract.
How much is one point on CL?
$1,000 per contract. One point is 100 ticks of $10.00.
What is the front-month CL contract?
CL Z26 — it stays the front month until Nov 16, 2026, when CL F27 takes over. The date comes from the roll engine the PassTraq platform charts with.
Is CL cash-settled or physically delivered?
Physically delivered, so the roll is measured from the delivery anchor rather than the last trading day. Last trading day is 3 business days before the 25th of the month preceding delivery. Rolls 4 business days before the last trading day.
How does CL compare with MCL?
MCL (Micro WTI Crude Oil) moves on the same price with a $1.00 tick, so one CL contract carries the dollar risk of 10 MCL contracts.
Track this on a real account
A calculator is a snapshot. PassTraq runs these same limits against your actual fills, every day, and warns you before a breach instead of after.
Starter is free foreverEval Autopsy
Drop your broker trade export and replay it through every firm’s evaluation rules — see which ones you would have passed, and exactly where the others would have ended.
Trailing Drawdown Simulator
Step a balance up and down and watch where the drawdown line sits after each move — the number that actually ends most challenges.
Consistency Rule Calculator
Work out how large one day can be against the rest of your profit before a consistency rule holds up the payout.
Days to Pass Planner
Turn a daily average into a realistic number of trading days to reach the profit target, against the minimum days and any time limit.
Tick Value Calculator
What a move is worth in dollars on any futures contract PassTraq models, and how many ticks of stop a dollar risk allows.
Futures Roll Calendar
When each futures contract rolls to the next month, so a chart, a journal entry and a fill all refer to the same contract.
Every figure here is the contract specification PassTraq's platform values fills with, and every front month and roll date comes from the roll engine its charts use. Exchanges can change a specification without notice — confirm with the exchange or your broker before you rely on one. PassTraq is not affiliated with, endorsed by, or a partner of any prop firm, CME Group or Rithmic, except where a link is marked as a partner link. Contract and index names are trademarks of their respective owners and are used only to identify the contracts PassTraq models. Nothing here is financial advice.