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CRUDEOIL

CRUDEOIL

9,008.00

274.00 (3.14%)profit
as on 01 Oct 2026 at 11:29 PM

MCX

OptionsOpen InterestTop ContractsFutures15-Mins Built Up
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CRUDEOIL Futures Snapshot

Monthly ContractsDays for ExpiryLTPChangeChange %VolumeOpen InterestOI Change %
CRUDEOIL OCT FUT16

9,008.00

274.003.1480,26711,210-2.76
CRUDEOIL NOV FUT47

8,850.00

280.003.278,9904,04534.07
CRUDEOIL DEC FUT76

8,680.00

240.002.8469951710.23

Inventory Data for 30th Sept 2026, Wednesday

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TimeCountryAnnouncementActualPreviousConsensusForecast
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About CRUDEOIL Futures

Crude oil influences the cost of movement across refineries, airlines, shipping lines, and chemical manufacturers. When Brent or WTI prices shift, margins can change within hours. Since global supply is concentrated among major producers like the United States, Russia, and Saudi Arabia, policy changes can quickly reprice the market.

This makes crude oil a widely traded commodity. MCX CRUDEOIL is a 100-barrel contract, quoted in ₹ per barrel. It references WTI crude oil from NYMEX.

Trading runs Monday to Friday, from 9:00 AM to 11:30 PM, extending to 11:55 PM during US daylight saving time. OPEC updates and US inventory data can move prices intraday. Both shift prices within the session. You can trade these events. No physical barrels are needed.

Factors influencing CRUDEOIL futures prices

CRUDEOIL futures respond to global supply decisions, inventory data, and currency shifts. The contract is energy-focused, so geopolitical events dominate.
OPEC+ production policy: One-third of the world's production is under the control of member countries. Production cut is one of the factors that helps prices. In contrast, increases in output decrease. Markets begin to respond to anticipated policy change before the announcement is made.
US inventory reports: Crude inventories data are published every Wednesday by the US Energy Information Administration (EIA). If the build is larger than expected, it means that demand is not that strong. The larger the draw, the closer to depletion the supply will be. Both change futures prices on the same day.
Rupee/Dollar strength and rupee movement: The price of crude is quoted in dollars around the world. Crude prices tend to come down when the dollar is strong. The other thing that MCX traders have to consider is the USD/INR rate, which influences the rupee price on top of the underlying move.
The geopolitical threat to shipping routes: A substantial portion of the world's oil traffic passes through the Strait of Hormuz. A credible supply disruption there in hours moves prices. Crude price risk premiums are impacted by West Asia and other critical transportation/conveyance areas.
Seasonal demand cycles: Heating oil use is the driving force in the winter months. The U.S. summer driving season is gasoline and thus crude supportive. These cycles determine the price relationship between long-term and short-term contracts.
Global economic growth: The manufacturing PMI, GDP forecasts, and industrial production figures are indicators of future energy demand. Prices are well supported by strong growth. They are affected by the fear of another recession.

How are CRUDEOIL futures prices determined?

CRUDEOIL futures prices are discovered through live order matching on MCX. The theoretical price rests on global WTI benchmarks plus the USD/INR conversion.

The Due Date Rate (DDR) is the settlement price on expiry. It is derived from the New York Mercantile Exchange's (NYMEX) Crude Oil (CL) front month contract settlement price on the last trading day. The last available RBI USD/INR reference rate is used for conversion. The price so arrived is rounded off to the nearest tick.

For example, assume the NYMEX Crude Oil (CL) front month contract settlement price is $40.54. The last available RBI USD/INR reference rate is 66.1105. In that case, the DDR for the MCX Crude Oil contract would be ₹2,680 per barrel. This equals $40.54 × 66.1105, rounded off to the nearest tick.

The contract is cash-settled upon expiry. There is no physical delivery.

Key metrics to consider while trading CRUDEOIL futures

These are the numbers you need to size positions and manage risk on the CRUDEOIL contract.

  • Lot size: One contract represents 100 barrels.

  • Tick size: Minimum price movement is ₹1 per barrel.

  • Expiry: Contracts expire on dates specified in the MCX Contract Launch Calendar. For example, the January 2026 contract expires on January 16, 2026. New contracts launch approximately six months forward.

  • Trading hours: They are traded every Monday to Friday, 9:00 AM to 11:30 PM. During US daylight saving time, trading extends to 11:55 PM.

  • Daily Price Limit (DPL): The initial slab is 4%. If breached, relaxation is allowed up to 6% without any cooling off period. If the 6% limit is breached, trading enters a 15-minute cooling off period, after which the daily price limit is relaxed up to 9%. In case the price movement in international markets is more than 9%, the same may be further relaxed in steps of 3%.

  • Initial margin: Minimum 10% or SPAN-based, whichever is higher. Extreme loss margin is 1%.

  • Open Interest (OI): Total outstanding contracts. Rising OI with rising price indicates fresh longs. Rising OI with falling price indicates fresh shorts.

  • Position limits: Individual clients can hold up to 4,80,000 barrels or 5% of market-wide OI, whichever is higher, for all Crude Oil contracts combined together. Members can hold 48,00,000 barrels or 20% of market-wide OI, whichever is higher, for all Crude Oil contracts combined together.

  • Maximum order size: 10,000 barrels per order.

How to read CRUDEOIL futures data?

On the CRUDEOIL futures page, several data fields are displayed. Each adds a distinct layer to the picture.
Live price and daily change: The current traded level and how far it has moved from the previous close. This gauges intraday momentum.
Session volume: The number of units traded in the current session. A sharp volume spike compared to the recent average often precedes or confirms a directional move.
Outstanding positions: See how much capital is committed to open positions. Increasing OI in a trending market indicates conviction. Declining OI may indicate the move is driven by unwinding rather than fresh participation.
Bid-ask depth: The best prices and the quantity associated with them. A narrow spread with depth on both sides indicates a liquid contract.
CRUDEOIL futures live: The CRUDEOIL futures live price is the current level at which the most active contract trades. It reflects the matching of buyers and sellers in real time.
CRUDEOIL futures today: CRUDEOIL futures today's information includes the open, high, low, and last traded price. The difference between high and low is a measure of intraday volatility.
CRUDEOIL futures chart: The CRUDEOIL futures chart displays historical price action across timeframes. Traders rely on chart patterns, volume, and open interest to determine price movement.

Benefits of trading CRUDEOIL futures

CRUDEOIL futures offer a regulated way to trade global energy price cycles without handling physical barrels.

  • Macro participation without physical exposure: Macro drivers such as OPEC policy, US shale output, currency movements, and geopolitical events all impact crude oil prices. Futures provide direct participation in these price effects without having to source, store, or handle physical oil.

  • Leverage through margin: Futures only require a margin payment. This means a lower amount of money can be committed to the market. This also means there is the potential for losses greater than the margin if positions are not managed appropriately.

  • Hedging utility for commercial participants: Companies that have crude oil price risk exposure, such as refineries, airlines, and chemical manufacturers, can use MCX futures to manage their price risk. The design of the contract facilitates this operational hedging.

  • Transparent, regulated infrastructure: MCX is a SEBI-regulated exchange. Prices are publicly visible. Settlement is done according to the rules. The rules minimise counterparty risks and provide execution standards.

Most commonly used strategies in CRUDEOIL futures

These approaches suit different views on price direction and volatility.

  • Directional long or short: Long (buy) or short (sell) the futures in anticipation of a price increase or a price fall. The simplest approach and the one most retail participants begin with. Risk management in terms of position size relative to margin is critical.

  • Month-to-month spread: Buying one expiry month while simultaneously selling another. Profit or loss is based on the movement of the difference between the two months. Spreads generally require a lower margin and carry lower volatility than outright positions.

  • Event-driven trade: Taking a position ahead of known events such as OPEC meetings, EIA inventory releases, or geopolitical developments. These trades require precise timing and awareness of implied volatility expansion before the event and potential compression after.

  • Arbitrage between CRUDEOIL and CRUDEOILM: When the big contract and the mini contract trade at different prices, a risk-free arbitrage opportunity may exist. Buy the cheaper contract and sell the expensive one, ensuring contract values are matched appropriately.

How to trade CRUDEOIL futures on Dhan?

  • Open your account: Create a commodity trading account on Dhan and complete full KYC with a registered broker. Ensure the MCX commodity futures segment is activated separately from your equity account.

  • Add funds: Add money to your trading account and ensure sufficient margin is available. Account for daily mark-to-market settlements throughout the trade life.

  • Pick your contract: Choose the CRUDEOIL futures contract based on your preferred expiry. Near-month contracts typically offer the most liquidity. Each lot is 100 barrels.

  • Read the market data: Analyse the CRUDEOIL futures live price, chart, open interest, and volume before entering. Track WTI prices, OPEC announcements, and US inventory data releases.

  • Place your trade: Execute your order using the appropriate order type. Market orders fill at the prevailing price. Limit orders execute only at your specified price. The maximum order size is 10,000 barrels.

  • Track your position: Monitor CRUDEOIL price movements, OI shifts, and MTM adjustments actively. The contract is sensitive to OPEC updates, inventory data, and geopolitical developments.

  • Adjust when needed: Place a stop-loss at entry and revisit it as the trade develops. Modify or exit based on market developments and your original strategy parameters.

  • Know the contract type: CRUDEOIL futures follow daily MTM settlement. Profits and losses are credited or debited at the end of each trading day. The contract is cash-settled upon expiry with no physical delivery.

Tips for trading CRUDEOIL futures effectively

These practices help you manage risk and improve decision-making on the CRUDEOIL contract.

  • Follow the schedule of OPEC+ meetings: Production decisions made in advance. Markets begin to price expected changes, well before the official announcement. Keep track of comments to delegates and draft leaks for policy.

  • Check the EIA inventory every Wednesday: The U.S. crude inventory report is issued on a regular weekly basis. A build is an event that surprises to the upside and tends to be priced down on WTI. A draw has a positive influence on prices.

  • Consider the movement of USD/INR when making the decision: MCX prices are directly impacted by rupee dollar rate, which is not related to the movement of WTI. If there are no changes in international prices, a depreciated rupee can maintain the domestic prices.

  • Watch geopolitical risk across producing regions: Supply threats in West Asia, West Africa, or Latin America can spike crude prices within hours. Track pipeline outages, export terminal delays, and OPEC nation policy shifts. Do not focus on a single chokepoint.

  • Account for daily MTM and margin calls: MCX settles profits and losses every evening. Crude oil can gap overnight on OPEC news or geopolitical events. If the market opens against you, you face a margin call before you can react. Keep extra funds above the minimum margin. Size your position so that a single adverse gap does not force an early exit. Do not calculate position size using only the exchange minimum.

  • Analyse several timeframes on Dhan Charts: The daily CRUDEOIL trend may differ from the hourly view. Dhan's Custom Timeframes let you set exact intervals beyond standard presets. India Timeframes align chart data with Indian market session hours. Align both before you commit capital.

  • Avoid overleveraging: A large position with a small margin is not a good idea. Keep single-trade risk within a fixed percentage of capital. Dhan Trade Plan inputs capital allocation, risk, and reward. It outputs the exact quantity, stop-loss, and target. Use it before you trade.

FAQs

1 lot of CRUDEOIL Futures on MCX is 100.
The trading time of CRUDEOIL futures is:

April to October - 9:00 AM to 11:30 PM
November to March - 9:00 AM to 11:55 PM
The upcoming futures expiry of CRUDEOIL on 19 Oct 2026.
At the end of the day, all the positions are auto squared off. Meaning, the derivatives are settled in cash. At present, the physical delivery of Commodity position is not allowed.
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