Crude Oil futures trade on the MCX under the symbol CRUDEOIL. One lot is 100 barrels, and the price moves in steps of ₹1 per barrel. 3 contracts are currently open, the nearest expiring on 21 September 2026. Options trade against this underlying as well, so the put-call ratio and open interest below describe positioning rather than price alone. Rupix publishes the live price, day range, open interest and contract specifications on this page for information only.
For the smaller contract, explore MCX Crude Oil Mini futures prices, lot size and contract details.
Crude Oil futures on the MCX last traded at ₹9,269 per barrel, up ₹197 (+2.17%) on the day, as of 3 November 2026 at 8:48 pm IST.
| Contract | Expiry | Last traded | Open interest | Volume |
|---|---|---|---|---|
| Crude Oil 19 Nov Fut | 19 November 2026 | ₹9,269 | 10,446 | 15,68,900 |
| Crude Oil 18 Dec Fut | 18 December 2026 | ₹9,168 | 4,435 | 2,32,400 |
| Crude Oil 19 Jan Fut | 19 January 2027 | ₹9,069 | 574 | 21,500 |
Prices per barrel; open interest and volume in lots.
Crude oil futures on the MCX are quoted in rupees per barrel and settle against the international benchmark price for light sweet crude converted at the rupee exchange rate, so the contract moves with the dollar price of oil and the rupee. The dollar price responds to supply decisions by OPEC and its partners, US production and inventory data published weekly, demand expectations tied to economic growth, and disruptions to production or shipping.
The standard contract is one hundred barrels, with a mini variant, and it is cash-settled rather than delivered.
The crude price reaches the pump with a lag of weeks: Indian petrol and diesel prices follow a rolling average of international refined product prices and the rupee, with excise and state VAT on top, which is why a sharp move in crude takes time to show at the pump and sometimes does not show at all.
A futures contract is an agreement to buy or sell a fixed quantity of Crude Oil at a fixed price on a fixed date, traded on the MCX and guaranteed by its clearing house. You do not pay the full value to trade it; you deposit a margin, a fraction of the contract's value set by the exchange, and your account is marked to market every day, so gains and losses are settled daily rather than at expiry.
Most participants close their positions before expiry; contracts that run to expiry are settled by delivery or in cash according to the contract's specification.
The lot size is the quantity one contract represents and the tick size is the smallest price move the exchange recognises; together they say what a one-tick move is worth in rupees on one lot. Open interest is the number of contracts open, bought and not yet sold or sold and not yet bought back;
rising open interest with a rising price suggests new buying, rising open interest with a falling price suggests new selling, and falling open interest means positions are being closed. Trading commodity futures needs an account with a SEBI-registered broker that offers the commodity segment; Rupix publishes the quotes for information only.
The MCX contract is the older and more traded of the two: it carries most of India's volume and open interest in crude oil, so its price is the one quoted in the trade. The NSE listed its own crude oil futures after commodity derivatives were opened to the equity exchanges in 2018; the specification is the same, settlement is on the exchange's own clearing corporation, and the two prices track each other within the cost of arbitrage. Today the NSE front contract last traded at ₹9,290 per barrel against ₹9,269 here.
One Crude Oil futures contract on the MCX covers 100 bbl. That is the smallest quantity that can be traded, so one tick of ₹1 per barrel moves the value of a lot by ₹100.
The price moves in steps of ₹1 per barrel. A one-tick move is the smallest change the exchange will quote, and it is worth that step multiplied by the contract's lot size.
The nearest Crude Oil contract on the MCX expires on 19 November 2026. Each contract settles on its own expiry date, and this page lists every open contract with its own, so a position can be rolled into a later month before the near one runs out.
A single order above 10,000 bbl is rejected by the exchange as a freeze quantity breach. It exists to stop one oversized order moving the market on its own; larger positions are built from several orders instead.
Crude Oil is quoted in rupees per barrel on the MCX. Every price on this page uses that same unit: the last traded price, the day's open, high and low, and the year range. So they can be compared directly.
Yes. Options trade against the Crude Oil futures contract, which is why this page carries a put-call ratio and open-interest figures. A put-call ratio above one means more open put contracts than calls; it describes how positions are placed, not where the price will go.
No. Rupix publishes Crude Oil prices, contract specifications and open interest for information only. We are not a broker and do not accept trades. Trading Crude Oil futures requires an account with a broker registered for the commodity segment.