Home CommodityCRUDEOILM

CRUDEOILM

8,798.00

151.00 (1.75%)

as on 23 Sep 2026 at 11:29 PM

MCX

Upcoming Expiry19 Oct

Days For Expiry26

CRUDEOILM

8,798.00

151.00 (1.75%) profit

as on 23 Sep 2026 at 11:29 PM

MCX

Options Open Interest Top Contracts Futures 15-Mins Built Up

Live Chart

CRUDEOILM Futures Snapshot

Monthly Contracts	Days for Expiry	LTP	Change	Change %	Volume	Open Interest	OI Change %
CRUDEOILM OCT FUT	27	8,798.00	151.00	1.75	1,85,238	40,143	10.26
CRUDEOILM NOV FUT	58	8,578.00	168.00	2.00	18,126	9,265	11.45
CRUDEOILM DEC FUT	87	8,384.00	159.00	1.93	4,830	3,532	11.77

About CRUDEOILM Futures

Crude oil ranks as the world's most heavily traded commodity. It powers transport, feeds refineries, and serves as a raw material for plastics and chemicals. When prices shift, the cost structure of entire economies adjusts.

CRUDEOILM is the mini contract on MCX. It offers exposure to crude oil price movements with a smaller lot size than the standard 100-barrel contract. This makes it accessible to retail traders who want to participate without committing large capital.

Global benchmarks in New York and London set the tone. Domestic prices adjust through the USD/INR rate. For traders, this means OPEC decisions and US inventory data translate into MCX price shifts within the same session. CRUDEOILM futures allow you to trade these moves with defined risk.

Factors influencing CRUDEOILM futures prices

CRUDEOILM futures respond to the same global drivers as the standard contract. The mini tracks the underlying crude market through a smaller unit size.

OPEC+ supply announcements: Production cuts help to support prices. Increases in output have the opposite effect. Markets anticipate a policy change before the official announcement.

Inventory figures for US crude oil: EIA data is available weekly, on Wednesdays. A build is an event that is unexpected and favourable, which typically causes prices to decline. A draw helps prices.

Dollar-rupee cross: The price of crude is always in dollars, worldwide. A higher USD/INR rate makes imports more expensive in rupees. This directly impacts MCX pricing.

Geopolitical risk in key regions: Risk premiums are increased by tensions in West Asia and other oil-producing regions. Prices only take a few hours to be affected by supply disruptions.

Seasonal demand patterns: Winter heating demand supports consumption, as does consumption during the summer driving season. The cycles impact pricing for near-month contracts versus far-dated contracts.

Global growth indicators: Manufacturing data and GDP forecasts forecast future energy demand. High growth gives a boost to prices. Weak data is weighing on them.

How are CRUDEOILM futures prices determined?

CRUDEOILM 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, suppose the NYMEX Crude Oil (CL) front month contract settles at $81.90. Meanwhile, the latest RBI USD/INR reference rate stands at 80.4205. As a result, the DDR for the MCX Crude Oil Mini contract would be approximately ₹6,586 per barrel.

This calculation helps traders accurately estimate the contract value. This is calculated as $81.90 multiplied by 80.4205, and the result is rounded off to the nearest tick.

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

Key metrics to consider while trading CRUDEOILM futures

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

Lot size: One contract represents 10 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: Available to trade from Monday to Friday, between 9:00 AM and 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 as well, the market undergoes a 15-minute cooling-off period. After that, the daily price limit is extended 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 CRUDEOILM futures data?

On the CRUDEOILM 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.

CRUDEOILM futures live: The CRUDEOILM 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.

CRUDEOILM futures today: CRUDEOILM futures today information includes the open, high, low, and last traded price. The difference between high and low is a measure of intraday volatility.

CRUDEOILM futures chart: The CRUDEOILM futures chart displays historical price action across timeframes. Traders rely on chart patterns, volume, and open interest to determine price movement.

Benefits of trading CRUDEOILM futures

CRUDEOILM futures offer a regulated way to trade global energy price cycles with a smaller capital commitment.

Lower capital requirement than the standard contract.: The 10 barrel lot size also translates to a lower margin per position. This gives retail traders an opportunity to trade crude oil price action without the risk of a 100-barrel contract.
Identical price discovery to the large contract.: CRUDEOILM is following the same underlying WTI benchmark and USD/INR rate as well. The mini contract has the same market access and price information.
Transparent, regulated infrastructure: MCX is a regulated exchange by SEBI. The prices are displayed transparently. There are rules for making settlements. The clearing corporation helps to reduce counterparty risk.
Access without manual operations: Retail traders can trade on crude oil price action, without being involved in sourcing, storage or transportation of physical barrels. There is no delivery commitment at contract expiry, as the contract is cash-settled.

Most commonly used strategies in CRUDEOILM 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. 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.
Arbitrage between CRUDEOILM and CRUDEOIL: When the mini and standard contracts 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 CRUDEOILM 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 CRUDEOILM futures contract based on your preferred expiry. Near-month contracts typically offer the most liquidity. Each lot is 10 barrels.
Read the market data: Analyse the CRUDEOILM 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 CRUDEOILM 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: CRUDEOILM 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 CRUDEOILM futures effectively

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

Track OPEC+ meeting schedules: Production decisions are announced in advance. Markets start pricing expected shifts well before any official statement. Monitor delegate comments and draft policy leaks.
Watch the EIA inventory data every Wednesday: US crude inventory reports are released on a fixed weekly schedule. A build surprises to the upside and tends to drive WTI down. A draw tends to support prices.
Factor in USD/INR movement: The rupee-dollar rate affects MCX prices independently of WTI movement. A weaker rupee supports domestic prices even if global benchmarks are flat.
Monitor Strait of Hormuz developments: A good share of global oil trade passes through this chokepoint. Any credible disruption threat moves prices within hours.
Respect the margin cycle: MCX mark-to-market happens daily. Energy commodities can gap on geopolitical news. Position sizing that accounts for adverse moves is more robust than margin-minimum sizing.
Check multiple chart timeframes: A trend visible on the daily chart may not match the hourly. Align both before entering a position.
Avoid overleveraging: The ability to take a large position with a small margin is not a reason to do so. Keep single-trade risk within a defined percentage of total capital.

FAQs

What is 1 lot size of CRUDEOILM futures?

1 lot of CRUDEOILM Futures on MCX is 10.

What is the trading time for CRUDEOILM futures?

The trading time of CRUDEOILM futures is:

April to October - 9:00 AM to 11:30 PM
November to March - 9:00 AM to 11:55 PM

When is the upcoming CRUDEOILM futures expiry?

The upcoming futures expiry of CRUDEOILM on 19 Oct 2026.

Are CRUDEOILM futures settled in cash or via physical delivery?

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.