USOIL Pip Value — Contract Specs & Lot Sizes
One standard lot of USOIL is 1,000 barrels (1 lot) with a pip size of 0.01. Pip value per standard lot: $10.00 per 0.01 move.
USOIL Contract Specifications
| Instrument | USOIL — WTI Crude Oil / US Dollar |
| Contract Size (1 standard lot) | 1,000 barrels (1 lot) |
| Pip Size | 0.01 |
| Pip Value (1 lot) | $10.00 per 0.01 move |
| USD Equivalent | $10.00 per 0.01 move (exact — quote is USD) |
| Minimum Lot | 0.01 |
| Maximum Lot | 100+ (broker-dependent) |
| Typical Spread | 3–5 points (IC avg 0.034) raw / 4–8 points standard |
| Trading Hours | 23/5, Sunday 22:00 – Friday 21:00 GMT (1-hour daily break) |
| Platform Aliases | XTIUSD, WTI, CL, Crude Oil |
USOIL Pip Value by Lot Size
| Lot Size | Pip Value |
|---|---|
| 0.01 lot | scales linearly — $10.00 per 0.01 move |
| 0.10 lot | scales linearly — $10.00 per 0.01 move |
| 1.00 lot | scales linearly — $10.00 per 0.01 move |
| 10.00 lot | scales linearly — $10.00 per 0.01 move |
Values scale linearly with volume: 0.01 lot = 1% of the 1-lot value, 10 lots = 10×. $10.00 per 0.01 move (exact — quote is USD)
How to Calculate USOIL Pip Value
Because the quote currency is USD, the pip value in USD is fixed regardless of price. Verify exact contract size in your platform (MT4/MT5 → Market Watch → right-click → Specification).
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Frequently Asked Questions
What is the pip value of USOIL?
One pip of USOIL on a 1.00 standard lot is worth $10.00 per 0.01 move ($10.00 per 0.01 move (exact — quote is USD)).
How do I calculate USOIL pip value?
Multiply pip size by contract size: 0.01 × 1,000 barrels (1 lot) = $10.00 per 0.01 move per standard lot.
Does the USOIL pip value change?
No — with a USD quote currency the USD pip value is constant at any price level.
What is the contract size of USOIL?
One standard lot is 1,000 barrels (1 lot). Minimum trade size is 0.01 lots at most brokers.
How many pips does USOIL move per day?
~$3.0 on average (August 2026 window) — high volatility among the 35 instruments in our database.
Data compiled 22 August 2026 from IC Markets product specification sheets, Myfxbook live spread/swap/volatility feeds and public education sources (FOREX.com Academy, BabyPips, FXStreet). Spreads, swaps and daily ranges change continuously — values above are representative, not quotes, and vary by broker. Verify everything in your platform's contract specification window. Educational content only — not financial advice. See our Terms.
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