Crude Oil (WTI) Lot Size Calculator
Crude Oil (WTI, also called USOIL) is one of the most actively traded commodities. With high volatility driven by geopolitics, OPEC decisions, and inventory data, proper position sizing is critical for oil traders.
Oil trading requires understanding barrels and contract specifications. 1 standard lot in CFD trading often equals 1,000 barrels. Oil can gap significantly over weekends due to geopolitical events, and inventory reports (EIA Wednesday) can cause 2-3% instant moves. Unlike forex, oil has strong seasonal patterns and is highly correlated with global economic health.
Example Calculation
Step-by-step lot size calculation for USOIL:
The Formula
Step 1: Your Trading Parameters
Account Size
$10,000
Risk Per Trade
1%
Stop Loss
100 points ($1.00)
Step 2: Risk Amount
$100
Maximum loss per trade
Step 3: Lot Size
$100 ÷ (100 points ($1.00) × pip value)
0.10 lots
Risk exactly $100 with 100 points ($1.00) SL
💡 Note: Lot size determines your risk, while leverage determines your margin requirement. With higher leverage (e.g., 1:100), you need less margin to open the same position, but your risk stays the same.
USOIL Volatility: High - Daily moves of 1-3% are common
Frequently Asked Questions
Common questions about USOIL lot sizing.
This page is part of our main Lot Size Calculator, which supports all forex pairs, indices, and crypto.
For most brokers, oil is quoted in dollars and cents (e.g., $75.50). One point ($0.01) per 1 lot typically equals $10. So a $1 move (100 points) with 1 lot = $1,000 profit/loss.