Launch of Crude Oil Mini (10 barrels) Futures Contracts from March 3

Multi Commodity Exchange of India (MCX) has received an approval from the market regulator for launching Crude Oil Mini (10 barrels) Futures contracts with effect from Friday (March 3, 2023).

The trading unit is 10 barrels and the maximum order size is 10,000 barrels. The initial margin for the contract will be minimum 1% or based on SPAN, whichever is higher. The contract would be settled in cash.

The trading session will be from Monday to Friday starting at 09:00 a.m and closing at 11:30 p.m./ 11.55 p.m. (based on US day light saving time period).

The timeline of launch of Crude Oil Mini Futures Contracts is given below,