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    CL pip value

    What one pip of CL (WTI crude oil (NYMEX)) is worth per lot, with the contract specification it is computed from.

    WTI crude oil (NYMEX) (CL) moves in ticks of 0.01; one point is worth $1,000.00 per contract, so one tick is worth $10.00 per contract.

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    Result

    Tick value

    $10.00

    Value of a 1.0 move
    $1,000.00

    Computed values

    Value of one pip of CL by volume, in USD
    VolumeTick valueValue of a 1.0 move
    1 contracts$10.00$1,000.00
    5 contracts$50.00$5,000.00
    10 contracts$100.00$10,000.00

    Contract specification

    Contract size
    1,000
    Pip, point or tick
    0.01 (tick)
    Smallest price step
    0.01
    Quote currency
    USD
    Nature of the value
    Fixed by the exchange
    Source
    en.wikipedia.org
    Read at the source on
    4 Oct 2026
    Table version
    2026-10-04.1

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    Pip value calculator

    A calculation, not a forecast. Not investment advice.