WTI: 1 lot = $10 per cent. A 30-cent stop on 0.3 lots = $90 risk. Oil is driven by supply shocks and OPEC — volatility can spike unexpectedly.
WTI Crude Oil: Contract size 1,000 barrels. Pip value: $10/pip/lot (1 cent move = $10). OPEC+ decisions are the primary driver. US inventory data (EIA Wednesdays) causes volatility. Correlated inversely with USD/CAD. Average range: $1-3/day.
Source: BIS Triennial Survey 2023, broker specifications, market analysis.
WTI: 1 lot = $10.0 per 0.01 (1 cent)
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