Calculator
Oil pip and pip value calculator
Enter your lot size and a move in pips. You see what one pip of crude oil is worth, what the move makes or costs, and with a price what a 1% move is worth.
- One pip at your size
- $5.00
- Your move
- $200.00
- One pip per lot
- $10.00
- One pip on 0.01 lot
- $0.10
- A 1.00 move per lot
- $1,000.00
- A 1% move at your size
- -
Worked example
You hold 0.5 lots on the preset of 1,000 barrels per lot. One pip of 0.01 is worth $10.00 a lot, so at your size it is worth $5.00.
A move of 40 pips makes or costs $200.00. On 0.01 lot the same pip is worth $0.10.
At an illustrative price of 90, a 1% move is 0.9 of price, worth $450.00 at your size. The page fills in the live WTI price, so the 1% line starts from today's level.
The formula
Pip value = pip size × contract per lot × lots, in US dollars. A move is worth the pip value times its size in pips. A 1% move = price ÷ 100 ÷ pip size × pip value.
Crude oil CFDs are quoted in US dollars per barrel, and WTI often goes by USOIL on trading platforms. The form starts at 1,000 barrels per lot and a pip of 0.01, one cent of price. The same math works for Brent: type its price and your broker's barrels per lot.
Oil pip value by lot size
| Lots | Barrels | Pip of 0.01 | A $1.00 move |
|---|---|---|---|
| 0.01 | 10 | $0.10 | $10.00 |
| 0.05 | 50 | $0.50 | $50.00 |
| 0.1 | 100 | $1.00 | $100.00 |
| 0.5 | 500 | $5.00 | $500.00 |
| 1 | 1,000 | $10.00 | $1,000.00 |
| 2 | 2,000 | $20.00 | $2,000.00 |
| 5 | 5,000 | $50.00 | $5,000.00 |
| 10 | 10,000 | $100.00 | $10,000.00 |
On the preset of 1,000 barrels per lot. Contract sizes differ by broker, so check the contract specification of yours and type its number into the form.
Oil lot size calculator · Lot size calculator, every market · Pip value calculator, every market · WTI oil chart · Risk of ruin calculator · All calculators
Questions and answers
What is a pip in crude oil?
A move of 0.01 in the price, one cent a barrel, from 90.00 to 90.01. A $1 move is 100 pips.
How much is 1 pip of oil on 1 lot?
On a 1,000 barrel lot, $10. On 0.1 lot it is $1 and on 0.01 lot $0.10.
Is it the same for WTI and Brent?
The math is the same, a pip of 0.01 times the barrels you hold. Only the contract size can differ, so check what your broker uses for each.
Other markets: US30 pip value, NAS100 pip value, US500 pip value, XAGUSD pip.
Not financial advice. Read the disclaimer
Pro charts. Zero paywalls.
Charts for gold, oil, US indices and crypto, with every tool free to use.
Open the chartNo card, no trial, no upgrade pop-ups.