Commodities Question
What is each tick worth in crude oil futures?
In many futures, each tick up or down is worth a certain money value.. i know it is different for different underlyings. What is each tick worth for Crude oil futures?
Asked by dslwong in
Commodities
one year ago
Answers
119 points
ChuckS answered one year ago …
Oil futures represent 1,000 barrels, so a 10 cent change is 10 cents/barrel x 1,000 barrels = $100. An oil barrel is 42 gallons. A futures contract in unleaded gasolene is 42,000 gallons, so a 10 cent change is 10 cents x 42,000 gallons = $4,200.
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