As per the circular dated 28th February 2023, Multi Commodity Exchange of India has announced the launch of Crude Oil Mini (10 barrels) futures contracts. Crude Oil Mini futures contracts that expire on 19th April 2023, 19th May 2023, 16th June 2023, 19th July 2023, and 21st August 2023 will be available for trading with effect from Friday, March 3rd, 2023.
The Contract Specifications are mentioned below:
|
Particulars |
Specifications |
|
Symbol |
CRUDEOILM |
|
Trading Unit |
10 barrels |
|
Quotation |
Rs. Per barrel |
|
Margin Required |
(Initial Margins - Minimum 10% or based on SPAN, whichever is higher + ELM - Minimum 1% of the total contract value) ₹22,500 (Approx.) |
|
Tick Size (Minimum Price Movement) |
Re. 1 |
|
Settlement |
The contract would be settled in cash |
|
Trading Period |
Monday to Friday |
For more details on the contract specifications, Click here.
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