{"id":10156,"date":"2025-04-30T10:06:26","date_gmt":"2025-04-30T10:06:26","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=10156"},"modified":"2025-10-24T13:15:49","modified_gmt":"2025-10-24T13:15:49","slug":"crude-oil-on-mcx-specs-insights-market-dynamics","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/crude-oil-on-mcx-specs-insights-market-dynamics\/","title":{"rendered":"Trading Crude Oil on MCX: Key Specs, Insights &amp; Market Dynamics"},"content":{"rendered":"\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><nav><ul><li class=\"\"><a href=\"#wti-vs-brent-crude-oil-key-differences\">WTI vs. Brent Crude Oil: Key Differences<\/a><\/li><li class=\"\"><a href=\"#price-correlation-and-spread\">Price Correlation and Spread<\/a><\/li><li class=\"\"><a href=\"#mcx-crude-oil-contracts-specifications\">MCX Crude Oil Contracts: Specifications<\/a><ul><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<p>Navia Markets Ltd. offers <a href=\"https:\/\/navia.co.in\/blog\/category\/trading\/\">trading<\/a> in crude oil contracts on the Multi Commodity Exchange (MCX), which are based on West Texas Intermediate (WTI) crude oil. It&#8217;s important to understand the distinctions between WTI and Brent crude oil, as they often exhibit significant price differences.<\/p>\n\n\n\n<iframe class=\"custom-video\" src=\"https:\/\/www.youtube.com\/embed\/7uV2Mtk1pII?si=JOLk1E6HgQ5SdHqe\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-56fc98f1b1ae680af6f1d11d05ec5395\" id=\"wti-vs-brent-crude-oil-key-differences\" style=\"color:#023368\"><strong>WTI vs. Brent Crude Oil: Key Differences<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><td><strong>Feature<\/strong><\/td><td><strong>WTI (West Texas Intermediate)<\/strong><\/td><td><strong>Brent Crude<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Origin<\/strong><\/td><td>U.S. (Texas, Louisiana, North Dakota)<\/td><td>North Sea (UK, Norway)<\/td><\/tr><tr><td><strong>API Gravity<\/strong><\/td><td>39.6\u00b0 (lighter)<\/td><td>38.0\u00b0 (light)<\/td><\/tr><tr><td><strong>Sulfur Content<\/strong><\/td><td>0.24% (sweeter)<\/td><td>0.37% (sweet)<\/td><\/tr><tr><td><strong>Delivery Point<\/strong><\/td><td>Cushing, Oklahoma (landlocked)<\/td><td>Offshore platforms (seaborne)<\/td><\/tr><tr><td><strong>Primary Use<\/strong><\/td><td>U.S. gasoline production<\/td><td>Global diesel and gasoline production<\/td><\/tr><tr><td><strong>Exchange<\/strong><\/td><td>NYMEX (CME Group)<\/td><td>ICE Futures Europe<\/td><\/tr><tr><td><strong>Price Influences<\/strong><\/td><td>U.S. supply-demand, storage capacity<\/td><td>Global geopolitical and supply factors<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>WTI is a lighter and sweeter crude oil, making it easier and cheaper to refine into gasoline and other petroleum products compared to Brent.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/navia.co.in\/app.html\" style=\"background-color:#ec4d37\"><strong>Get Navia APP<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-6f28f1c6100b701dbf4620b547ccec25\" id=\"price-correlation-and-spread\" style=\"color:#023368\">Price Correlation and Spread<\/h2>\n\n\n\n<p>WTI and Brent crude prices are generally correlated, but the spread between them can vary due to factors such as regional supply-demand imbalances, transportation constraints, and geopolitical events. For instance, in April 2020, WTI <a href=\"https:\/\/navia.co.in\/blog\/what-is-futures-trading\/\" data-type=\"post\" data-id=\"9853\">futures<\/a> prices turned negative due to storage capacity issues at Cushing, Oklahoma, while Brent prices remained positive, highlighting the impact of regional logistics on pricing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-e0845219bd9220903bba84165817f61a\" id=\"mcx-crude-oil-contracts-specifications\" style=\"color:#023368\">MCX Crude Oil Contracts: Specifications<\/h2>\n\n\n\n<p>MCX offers trading in crude oil futures and <a href=\"https:\/\/navia.co.in\/blog\/what-is-options-trading\/\" data-type=\"post\" data-id=\"9929\">options<\/a> contracts based on WTI crude. Below are the specifications:<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-8be6b18554be256b131e3ad9d951d597\" id=\"crude-oil-and-crude-oil-mini-futures-specifications\" style=\"color:#ec4d37\">Crude Oil and Crude Oil mini Futures Specifications<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><td><strong>Parameter<\/strong><\/td><td><strong>Crude Oil<\/strong><\/td><td><strong>Crude Oil Mini<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Symbol<\/strong><\/td><td>CRUDEOIL<\/td><td>CRUDEOILM<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>100 barrels<\/td><td>10 barrels<\/td><\/tr><tr><td><strong>Price Quotation<\/strong><\/td><td>Per barrel in INR<\/td><td>Per barrel in INR<\/td><\/tr><tr><td><strong>Tick Size<\/strong><\/td><td>\u20b91 per barrel<\/td><td>\u20b91 per barrel<\/td><\/tr><tr><td><strong>P&amp;L per Tick<\/strong><\/td><td>\u20b9100<\/td><td>\u20b910<\/td><\/tr><tr><td><strong>Trading Hours<\/strong><\/td><td>9:00 AM \u2013 11:30 PM \/ 11:55 PM (DST)<\/td><td>9:00 AM \u2013 11:30 PM \/ 11:55 PM (DST)<\/td><\/tr><tr><td><strong>Contract Expiry<\/strong><\/td><td>19th of the contract month<\/td><td>19th of the contract month<\/td><\/tr><tr><td><strong>Settlement<\/strong><\/td><td>Cash settled<\/td><td>Cash ettled<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/open.navia.co.in\/index-navia.php\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"149\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/03\/OPEN-DEMAT-ACC.png\" alt=\"MCX\n\" class=\"wp-image-9412\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/03\/OPEN-DEMAT-ACC.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/03\/OPEN-DEMAT-ACC-300x44.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/03\/OPEN-DEMAT-ACC-150x22.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/03\/OPEN-DEMAT-ACC-768x112.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-faf13cd30d431d981d4908fea35bde2f\" id=\"crude-oil-and-crude-oil-mini-options-specifications\" style=\"color:#ec4d37\">Crude Oil and Crude Oil mini Options Specifications<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><td><strong>Parameter<\/strong><\/td><td><strong>Crude Oil<\/strong><\/td><td><strong>Crude Oil mini<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Symbol<\/strong><\/td><td>CRUDEOIL<\/td><td>CRUDEOILM<\/td><\/tr><tr><td><strong>Underlying<\/strong><\/td><td>Crude Oil Futures (100 barrels)<\/td><td>Crude Oil Mini Futures (10 barrels)<\/td><\/tr><tr><td><strong>Option Type<\/strong><\/td><td>European Call &amp; Put Options<\/td><td>European Call &amp; Put Options<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>100 barrels<\/td><td>10 barrels<\/td><\/tr><tr><td><strong>Strike Price Interval<\/strong><\/td><td>\u20b950<\/td><td>\u20b950<\/td><\/tr><tr><td><strong>Premium Quotation<\/strong><\/td><td>Per barrel in INR<\/td><td>Per barrel in INR<\/td><\/tr><tr><td><strong>Tick Size<\/strong><\/td><td>\u20b90.05 per barrel<\/td><td>\u20b90.05 per barrel<\/td><\/tr><tr><td><strong>Trading Hours<\/strong><\/td><td>9:00 AM \u2013 11:30 PM \/ 11:55 PM (DST)<\/td><td>9:00 AM \u2013 11:30 PM \/ 11:55 PM (DST)<\/td><\/tr><tr><td><strong>Contract Expiry<\/strong><\/td><td>17th of the contract month<\/td><td>17th of the contract month<\/td><\/tr><tr><td><strong>Settlement<\/strong><\/td><td><em>All in-the-money (ITM) options on expiry devolve into futures contracts<\/em><\/td><td><em>All in-the-money (ITM) options on expiry devolve into futures contracts<\/em><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong>Do You Find This Interesting?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-ad2f72ca wp-block-group-is-layout-flex\">\n<p>We\u2019d Love to Hear from you-<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/form.typeform.com\/to\/bpQ8ZlDc\"><img decoding=\"async\" width=\"300\" height=\"64\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1.png\" alt=\"feedback yes or no button\" class=\"wp-image-8901\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1-150x32.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure>\n<\/div>\n\n\n\n<p><strong>DISCLAIMER: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Navia Markets Ltd. offers trading in crude oil contracts on the Multi Commodity Exchange (MCX), which are based on West Texas Intermediate (WTI) crude oil. It&#8217;s important to understand the distinctions between WTI and Brent crude oil, as they often exhibit significant price differences. WTI vs. Brent Crude Oil: Key Differences Feature WTI (West Texas [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[465],"tags":[540,11,7,21,22,53,32],"class_list":["post-10156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodity-trading","tag-crude-oil-mcx","tag-financial-goals","tag-indian-stock-markets","tag-investments","tag-investor","tag-marketperformance","tag-wealth-creation"],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/04\/Trading-Crude-Oil-on-MCX.png","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/10156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=10156"}],"version-history":[{"count":12,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/10156\/revisions"}],"predecessor-version":[{"id":14112,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/10156\/revisions\/14112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/10164"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=10156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=10156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=10156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}