Brent Crude Oil (UKOIL) Position Size & Pip Value Calculator
This tool converts a price move in Brent Crude Oil (UKOIL) into a dollar figure, and works out the lot size that matches a chosen risk amount. Because UKOIL is a commodity contract rather than a currency pair, its pip size and contract size don't match forex majors, so pip value has to be worked out on its own terms for standard, mini and micro lots.
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Calculator
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Enter your numbers above.
What a move is worth on UKOIL
Lot size
1 pip
10 pips
30 pips
50 pips
100 pips
500 pips
Standard · 1.0
$1.00
$10.00
$30.00
$50.00
$100.00
$500.00
Mini · 0.1
$0.10
$1.00
$3.00
$5.00
$10.00
$50.00
Micro · 0.01
$0.01
$0.10
$0.30
$0.50
$1.00
$5.00
Value in USD per position at the current rate — counts are in pips. Change your lot size or stop distance in the calculator above to match a real trade.
One pip on UKOIL works out as 0.01 × 100 bbl, already in US dollars. The table just multiplies that by your lot size and pip count.
How to use it
Enter the lot size you're planning to trade, or your account risk amount and stop-loss distance in pips.
The calculator applies UKOIL's pip size and contract size to convert that into a dollar value per pip.
If you're sizing a position, it returns the lot size that fits your stop distance and risk amount.
Change the lot size or stop distance to see how the dollar value per pip shifts before you trade.
UKOIL contract specification
Symbol
UKOIL
Asset class
Commodity
1 pip
0.01
Contract size (1 standard lot)
100 bbl
Quote currency
USD
Pip value — Standard lot (1.0)
$1.00
Pip value — Mini lot (0.1)
$0.10
Pip value — Micro lot (0.01)
$0.01
Swap (long, per lot per night)
0 points = $0.00
Swap (short, per lot per night)
0 points = $0.00
Swap data source
XM MT5, 2026-08-18
Points per pip
1
All figures on this page are quoted directly in US dollars, so no exchange rate is involved.
Trading UKOIL
Spread and swap differ by broker, which changes what a position actually costs you.
One pip in Brent Crude Oil is a price move of 0.01, worth $1.00 per standard lot, $0.10 per mini lot, and $0.01 per micro lot. Enter your own lot size above for an exact figure.
What is the pip value for a 0.01 lot in UKOIL?
A 0.01 lot is a micro lot, and each 0.01 move is worth $0.01 at that size. Use the calculator to check the figure for any other lot size you trade.
How do I calculate position size for UKOIL?
Position size depends on your account risk amount, your stop-loss distance in pips, and UKOIL's pip value per lot. The calculator takes those three inputs and returns the lot size that keeps your risk at the amount you set.
What is UKOIL's contract size?
One standard lot of Brent Crude Oil represents 100 bbl. Mini and micro lots scale that down by a factor of ten and a hundred respectively, which is why their pip values differ.
Does UKOIL charge swap for holding a position overnight?
The current snapshot (XM MT5, 2026-08-18) shows both the long and short overnight swap at zero points, meaning zero dollars per standard lot per night. Swap rates change over time and differ by broker, so check your own broker's contract spec before holding a position overnight.