A Simple, Cost-Effective Way to Trade the Price of Oil

Trade the price of the WTI benchmark using LMX Labs’s Micro Crude Oil product.

Our micro-sized futures contract and low fees allow everyday traders to access one of the most actively traded global markets.

Built for
retail traders

Small contracts and low fees mean less capital required to trade.

Strengthen
your portfolio

Speculate on the price of oil based on global supply and demand dynamics.

Around-the-clock
access

Trade the price of oil 23 hours a day.

OIL [OILN22]

July 2022
  • July 2022
  • Aug 2022

Micro Crude Oil Fut

0.00 USD

  • 0.00

  • 0.00%

Last updated: CT. Data one-minute delayed

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Historical Futures Data

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Contract Specifications

Micro Crude Oil Futures

Contract Unit

100 Barrels x WTI Crude Oil Price (~$70 WTI Price/~$7,000 notional)

Trading Hours

Sunday – Friday 6pm – 5pm ET

Minimum Price Fluctuation

0.01 index points = $1.00

Product Code

OIL

Listed Contracts

Monthly contracts listed for nearest two months

Settlement

Financially settled

Termination of Trading

Trading terminates 2:30pm ET 4 business days prior to the 25th calendar day of the month prior to the month of the contract

Indicative Initial Margin

Expected at ~10% or $700
All product and company names are trademarks™️ or registered®️ trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement of or by LMX Labs LLC.
LMX Labs, LLC is registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a designated contract market (“DCM”) and operates under the name Fair Exchange or FairX (the “Exchange”).
Commodity futures contracts are not suitable for all investors. The risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a position in the commodity futures market, and you may incur losses beyond these amounts. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the required funds within the time required by your broker, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. Therefore, investors should only use funds that they can afford to lose without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because investors cannot expect to profit on every trade as it does not take into account their objectives, financial situation or needs.