Are there micro oil futures?
Micro wti crude oil futures will be listed monthly and expire one day prior to the expiration of the corresponding contract month of the standard contract. For example, if the standard june crude futures expire on thursday, the june micro crude futures will expire on wednesday. The expiration dates of futures contracts depend both on the asset class being traded and the selected exchange market. The expiration periods differ between stock index futures that expire quarterly and commodity futures such as crude oil or natural gas which expire monthly.Micro WTI Crude Oil futures will be listed monthly and expire one day prior to the expiration of the corresponding contract month of the standard contract. For example, if the standard June Crude futures expire on Thursday, the June Micro Crude futures will expire on Wednesday.
Can I buy crude oil futures?
You can purchase a crude oil futures contract through a commodity exchange like RJO Futures or on an exchange sanctioned trading platform such as RJO Futures Pro. You can trade crude oil futures through the New York Mercantile Exchange (NYMEX) on the electronic CME Globex system. Retail traders typically buy and sell crude oil futures contracts to speculate whether the price will go up or down and cannot take delivery of the physical crude oil.A popular time to trade oil is between 20:00 (UTC+8) and 13. UTC+8) – which is when the New York Mercantile Exchange (NYMEX) is open, and the market often sees high liquidity.
What is the futures symbol for crude oil?
WTI Crude Oil futures, ticker symbol CL, is the most actively traded crude oil futures contract, with more than 1 million contracts traded every day. Micro E-mini contracts trade on the CME GLOBEX trading platform from 6:00 p. ET on Sunday through 5:00 p. Friday. Micro E-mini stock index futures are available on Schwab’s thinkorswim trading platforms.All futures contracts have a minimum price fluctuation also known as a tick. Tick sizes are set by the exchange and vary by contract instrument. The tick size of the NYMEX WTI Crude Oil contract is equal to 1 cent and the WTI contract size is 1,000 barrels. Therefore, the value of a one tick move is $10.Micro E-mini Dow Jones Futures Contract They are designed to manage exposure to the 30 blue-chip stocks tracked by the Dow Jones Industrial Average (DJIA) index. The Micro E-mini Dow futures contract is $0. DJIA Index and has a minimum tick of 1. DJIA Index. CME Globex: MYM.A one-point move, which is four ticks, is worth $5. This equates to a smaller, more affordable way to access one of the most liquid equity futures in the world. The tick increment of the other three Micro E-mini contracts vary according to the contract multiplier.
What ETF tracks crude oil futures?
Energy ETFs The two popular crude oil ETFs are the United States 12 Month Oil Fund (USL) and the United States Oil Fund (USO). Both ETFs are issued by the United States Commodity Fund, LLC but represent a different underlying futures exposure. United States Brent Oil Fund LP and United States Oil Fund LP are top funds in terms of recent performance, expenses, and liquidity. These ETFs hold futures contracts for either Brent Crude or West Texas Intermediate (WTI), the two primary benchmarks for European and American oil.